REC Tax Free Bonds Issue '2013 Issue Opens : 30th August'2013

REC Tax Free Bonds Issue '2013

Issue Opens : 30th August'2013

Issue Closes : 23rd September'2013

 

Series of Bonds*
Options For Category I, II & III*
	Tranche I Series 1 A	Tranche I Series 2 A	Tranche I Series 3A
Coupon rate (%) p.a.	8.01	8.46	8.37
Annualised yield (%) p.a.	8.01	8.46	8.37
Options For Category IV only#
	Tranche I Series 1 B	Tranche I Series 2 B	Tranche I Series 3 B
Coupon rate (%) p.a.	8.26	8.71	8.62
Annualised yield (%) p.a.	8.26	8.71	8.62
For Category I, II, III and IV#
Frequency of interest payment	Annual	Annual	Annual
Minimum Application size		5 bonds (Rs. 5000), across all Series of Bonds
In multiples of		1 bond (Rs. 1000) , across all Series of Bonds
Face value	Rs. 1,000 per Bond.	Rs. 1,000 per Bond.	Rs. 1,000 per Bond.
Issue price	Rs. 1,000 per Bond.	Rs. 1,000 per Bond.	Rs. 1,000 per Bond.
Tenor	10 years.	15 years.	20 years.
Coupon Type	Fixed coupon rate	Fixed coupon rate	Fixed coupon rate
Redemption Date	10 years from the Deemed Date of Allotment.	15 years from the Deemed Date of Allotment.	20 years from the Deemed Date of Allotment.
Redemption Amount (Rs./Bond)	Repayment of the face value along with any interest that may have accrued at the Redemption Date.	Repayment of the face value along with any interest that may have accrued at the Redemption Date.	Repayment of the face value along with any interest that may have accrued at the Redemption Date.

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