Instrument Description (Long): |
7.38% SECURED TAX FREE REDEEMABLE NON CONVERTIBLE BONDS. TRANCHE 1 SERIES 2. DATE OF MATURITY 19/12/2027 |
Instrument Description(short): |
RURAL ELECTRIFICATION CORPORATION LIMITED 7.38 BD 19DC27 FVRS1000 |
ISIN: |
INE020B07GX4 |
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Type of Instrument: |
Bonds |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
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Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
7.38% |
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Details of Variable Coupon Rate: |
- |
Seniority in Repayment: |
Senior |
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Day Count Convention: |
Actual/actual |
Whether tax free: |
Yes |
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Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
Under Section 10(15)(iv)(h) |
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Issue price (per instrument): |
1000 |
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Issue Size (in Crores): |
852.037 |
Series (if any): |
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Total Allotment Quantity: |
8520377 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
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Date of Allotment: |
19-Dec-2012 |
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Tenure of the instrument at the time of Issuance: |
Year
:
Months
:
Days
:
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Frequency of Interest Payment with specified dates: |
1ST INTEREST PAYMENT WILL BE ON 01/12/2013 AND THEREAFTER IN 1ST DECEMBER EACH YEAR AND ON MATURITY |
Scheduled Opening Date: |
03-Dec-2012 |
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Put Option with specified dates: |
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Scheduled Closing Date: |
10-Dec-2012 |
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Call Option with specified dates: |
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Actual Closing Date: |
10-Dec-2012 |
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Redemption Date/Last Conversion Date: |
19-Dec-2027 |
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Defaulted in Redemption: |
Not Applicable |
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If guaranteed, provide complete details regarding the Guarantee: |
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Redemption Premium Details: |
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Step up / Step down coupon basis: |
Step Up |
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Step up / Step down details: |
Coupon Rate- 50 basis points more for Retail Category |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
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Put option details: |
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Indicate whether Call option will be exercised at Discount/Premium/Par: |
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Call option details: |
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Whether Debentures/Bonds are perpetual in nature: |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
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Convertibility details: |
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Type of Convertibility - B: |
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Coupon Type: |
Simple |
Compounding Frequency Details: |
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If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
The Bonds is / would be secured by way of mortgage and / or hypothecation of immovable and / or movable properties of the Company as agreed between the Trustee and the Company. |