TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BONDS
Rural Electrification Corporation Ltd.
| |||
| Particular | Series 1 | Series 2 | Series 3 |
| Tenure | 10 Years | 15 Years | 20 Years |
| Issue Period | August 30, 2013- September 23, 2013 | ||
| Issue Size | INR 3500 crores | ||
| Min. Application | 5 Debentures & in multiples of 1 Debenture thereafter | ||
| Face Value | INR 1000/- | ||
| Rating | “CRISIL AAA/Stable" by CRISIL, "CARE AAA" by CARE, "IND AAA" by IRRPL & "[ICRA] AAA" by ICRA | ||
| Listing | BSE | ||
| Interest Payment | Annual | Annual | Annual |
| Who Can Apply? | QIBs/Corporate/HUFs/Resident Individuals/NRIs/QFIs | ||
Effective Yield (%)
| |||
| QIBs | 8.01 | 8.46 | 8.37 |
| Corporate | 8.01 | 8.46 | 8.37 |
| Resident Individuals/HUFs/NRI/QFI (Investment>10 Lacs) | 8.01 | 8.46 | 8.37 |
| Resident Individuals/HUFs/NRI/QFI (Investments<=10lacs) | 8.26 | 8.71 | 8.62 |
| Redemption Date | 10 Years from the deemed date of allotment | 15Years from the deemed date of allotment | 20 Years from the deemed date of allotment |
| Redemption Amount | Face Value plus any interest that may have accrued | ||
Category
|
Portion
|
Allotment Basis
|
Size (%)
|
QIBs (I)
|
Institutional
|
“First Come First Serve” basis
|
10% of the overall issue size
|
Corporates (II)
|
Corporate
|
“First Come First Serve” basis
|
10% of the overall issue size
|
Resident Individuals, HUFs/NRI/QFI -Investment>10 Lacs (III)
|
HNI
|
“First Come First Serve” basis
|
30% of the overall issue size
|
Resident Individuals, HUFs/NRI/QFI -Investment<= 10 Lacs (IV)
|
Retail
|
“First Come First Serve” basis
|
50% of the overall issue size
|
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