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/Series Details
[tab name=’REC Tax Free Bond/Series Details’]
REC Tax Free Bond Details
| Issuer | Rural Electrification Corporation Limited |
| Instrument Nature | Tax-Free, Secured, Redeemable, Non-Convertible Bonds in the nature of Debentures |
| Issue Open | 30-Aug-13 |
| Issue Close | 23-Sep-13 |
| Issue Size (Rs) | Rs. 3500 Crores* |
| Face Value | Rs.1000 |
| Minimum Application Size | 5 Bonds (Rs.5000) and in Multiples of 1 Bond (Rs.1000) thereafter |
| Listing | BSE |
| Mode of Allotment | Dematerialised and Physical form |
| Rating | CARE 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 Bondholders | SBICAP Trustee Company Limited |
REC Tax Free Bond Series Details
| Series | Tranche I Series I | Tranche I Series II | Tranche I Series III |
| Redemption Amount | Repayment of the face value along with any interest that may have accrued at the | Repayment of the face value along with any interest that may have accrued at the | Repayment of the face value along with any interest that may have accrued at the |
| Interest Payment | Annual | Annual | Annual |
| Tenor | 10 Years | 15Years | 20 Years |
| Minimum Application | Rs. 5,000/- (5 Bonds) across all the series | Rs. 5,000/- (5 Bonds) across all the series | Rs. 5,000/- (5 Bonds) across all the series |
| In Multiple of | Rs.1,000 (1 BOND) | Rs.1,000 (1 BOND) | Rs.1,000 (1 BOND) |
| Put/Call Option | There is no pul/call option for the Bonds | There is no pul/call option for the Bonds | There is no pul/call option for the Bonds |
| Coupon Rate/Effective Yield for | 8.26% | 8.71% | 8.62% |
| Coupon Rate/Effective Yield For I, II ,III | 8.01% | 8.46% | 8.37% |
| Interest Payment Date | 1st December Every year | 1st December Every year | 1st December Every year |
Important Information/Instruction
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
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
Download Application Form
Profit & Dividend
|
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
|
Registrar/Bond Allotment Status
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.
I like to invest in tax free bond this year 2018. please advise me how to invest?
is there new issue of tax free bond in 2018?