REC Tax Free Bond 2013

rec logo1 REC Tax Free Bond 2013

 

Company Profile

* Notified as a Public Financial Institution under Section 4A of the Companies Act, 1956

* Engaged in the financing and promotion of transmission, distribution and generation including renewable energy projects throughout India

* REC is one of only 16 Indian public sector undertakings to be granted “Navratna” status by the Department of Public Enterprise by virtue of its operational efficiency and financial strength

* 66.80% shareholding in REC is held by Government of India acting through Ministry of Power

GoI has rated RECs performance as “Excellent” continuously since Fiscal 1994

* Registered as a Non Deposit taking NBFC with Reserve Bank of India. RBI has further categorized REC as an IFC (Infrastructure Finance Company)         

REC Tax Free Bond Details

Issuer
Rural Electrification Corporation Limited
Instrument NatureTax-Free, Secured, Redeemable, Non-Convertible Bonds in the nature of Debentures
Issue Open30-Aug-13
Issue Close23-Sep-13
Issue Size (Rs)Rs. 3500 Crores*
Face ValueRs.1000
Minimum Application Size5 Bonds (Rs.5000) and in Multiples of 1 Bond (Rs.1000) thereafter
ListingBSE
Mode of AllotmentDematerialised and Physical form
RatingCARE AAA” by CARE “CRISIL AAA/ Stable” by CRISIL “ICRA AAA” by ICRA “IND AAA” by IRRPL (formerly Fitch Ratings India Pvt. Ltd)
Lead Managers:A.K. Capital Services Limited, Axis Capital Ltd., ICICI Securities Limited, Edelweiss Financial Services Ltd
Trustee for the BondholdersSBICAP Trustee Company Limited

REC Tax Free Bond Series Details

Series
Tranche I Series I
Tranche I Series II
Tranche I Series III
Redemption AmountRepayment of the face value along with any interest that may have accrued at theRepayment of the face value along with any interest that may have accrued at theRepayment of the face value along with any interest that may have accrued at the
Interest PaymentAnnualAnnualAnnual
Tenor10 Years15Years20 Years
Minimum ApplicationRs. 5,000/- (5 Bonds) across all the seriesRs. 5,000/- (5 Bonds) across all the seriesRs. 5,000/- (5 Bonds) across all the series
In Multiple ofRs.1,000 (1 BOND)Rs.1,000 (1 BOND)Rs.1,000 (1 BOND)
Put/Call OptionThere is no pul/call option for the BondsThere is no pul/call option for the BondsThere is no pul/call option for the Bonds
Coupon Rate/Effective Yield for8.26%8.71%8.62%
Coupon Rate/Effective Yield For I, II ,III8.01%8.46%8.37%
Interest Payment Date1st December Every year1st December Every year1st December Every year

Important Information (Instruction)

Please take print of the Application Form A4 / A3 paper size.

Attach following document along with the application form : –

1] PAN Card and Address Proof Photo Copy attested by you,

2] Bidding is mandatory.

3] Cheque / DD should be drawn in favour of “REC Tax Free Bonds 2013-Escrow Account – R

4] On First come First Serve Basis

5] Keep photocopy of application form for your record.

6] Submit / deposit your NCD application form in Listed/ Design Bank Branches.

7] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.

8] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.

9] Free Home Service available *

Who can apply / invest ?

1] Individual, 2] HUF, 3] Charitable Institute, 4] University, 5] Company, 6] Mutual Funds, 7] Firms, 8] Bank/Commercial RRB, 9] Co-operative, 10] NRI, 11] Financial Institute 

Profits & Dividend( in Crores )

Years

Profit Before Tax

Profit After Tax

Dividend %

2012

3,792.86

2,817.09

740.59

2011

3,476.28

2,569.93

740.59

2010

2,647.11

2,001.42

603.21

2009

1,916.68

1,272.08

386.4

2008

1,311.36

860.15

257.6

1 comment

  1. Anil

    I am interested to invest in Tax free instruments wherein I can invest Corpus fund benefit received as a result of redevelopment of the existing residential building. Kindly advise.

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