Friday, January 14, 2011


The REC Long Term Infrastructure Bonds Issue is  opening today i.e., 12th January 2011 and will be closing on 31st March 2011. 

Below are the Issue Highlights:


Rural Electrification Corporation Limited ("the Issuer")


100000 Unsecured, Redeemable, Non-Convertible, Taxable Bonds of Rs. 5,000/- each aggregating to Rs. 50 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds


Private Placement basis


Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80CCF of the Income Tax, 1961 for long term Infrastructure Bonds


'AAA /Stable' by CRISIL, 'CARE AAA' by CARE ,'LAAA' by ICRA, 'AAA(IND) by Fitch

Eligible Investors

Resident Indian Individual (Major) and HUF through Karta of the HUF



Face Value

Rs. 5,000/- per bond

Issue Price

At par (Rs. 5,000/- per bond)

Minimum Subscription

2 Bonds of Rs. 5,000/- each and in multiples of 1 Bond thereafter,


10 years, with or without buyback option after five years

Options for Subscription

The Bonds are proposed to provide the following options-

Option I - Annual Coupon and Buyback after 5 years

Option II - Annual Coupon and No Buyback Option


At par at the end of 10th year from the deemed date of allotment.

Coupon rate

Option I (Annual Coupon and Buyback after 5 years) – 8.00% p.a.

Option II (Annual Coupon and No Buyback) – 8.1 % p.a.


Proposed to be listed on BSE/NSE or Both


IDBI Trusteeship Services Limited


National Securities Depository Ltd. and Central Depository Services (India) Ltd.


Beetal Financial & Computer Services (P) Ltd.

Mode of Payment

Interest payment will be made through ECS/At Par Cheques/Demand Drafts


Demat and Physical Form


Demat mode only

Issue Open Date

January 12 ,2011

Issue Close Date

March 28, 2011 .

There is  an option to issuer would have pre-close the issue by giving 1 day notice to the Arrangers

Deemed Date of Allotment

31st March, 2011

Annual Interest Payment and interest on Application money

The first annual interest shall be paid on 31 March 2012.Interest on application money at the prescribed rate from the date of credit in REC Bank Account to the date of allotment shall be paid with first annual interest payment

    To Apply write to us at
     Please mention your complete address along with PIN number and phone numbers.

1 comment:

Eshop @ Navneet said...

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