#1
December 20th, 2017, 02:08 PM
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Rural Electrification Corporation Ltd Tax Free Bonds
Hii sir, I wants to get the Information About the Tax Free Bonds of the Rural Electrification Corporation Ltd ?
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#2
December 20th, 2017, 02:54 PM
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Re: Rural Electrification Corporation Ltd Tax Free Bonds
Rural Electrification Corporation Limited is a public Infrastructure Finance Company in India’s power sector. The company finances and promotes rural electrification projects across India. Issue Size ` 1,000 crore with an option to retain oversubscription up to the shelf limit of `4,500 crore. Face Value Instrument Tax Free Secured Redeemable Non-Convertible Bonds of face value of `1,000 each in the nature of Debentures having Credit Rating tax benefits under the Section 10(15)(iv)(h) of the Income Tax Act, 1961. Credit Rating CRISIL AAA/Stable’ by CRISIL, ‘ CARE AAA’ by CARE, ‘IND AAA’ by IRRPL & ‘[ICRA] AAA’ by ICRA Issue Opening Date Monday, December 3, 2012 Issue Closing Date Monday, December 10, 2012* Face Value `1,000/- per Bond Minimum Subscription Minimum Subscription - 5 Bonds (` 5,000) across both the series Tenor 10 years from the Deemed Date of Allotment 15 Years from the Deemed Date of Allotment Coupon Rate For Category I, II & III Applicants (% p.a.) 7.22% 7.38% For Category IV Applicants (% p.a.) ^ 7.72% 7.88% Tax Free Bonds of the Rural Electrification Corporation Ltd Contacts Registered Office: Rural Electrification Corporation Limited Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi-110003 |