Instrument Description (Long): |
8.01% SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE 1. SERIES 1A. DATE OF MATURITY 24/09/2023 |
Instrument Description(short): |
RURAL ELECTRIFICATION CORPORATION LIMITED SR-1A 8.01 BD 24SP23 FVRS1000 |
ISIN: |
INE020B07HO1 |
|
Type of Instrument: |
Bonds |
|
Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
|
|
Coupon Rate: |
8.01% |
|
|
|
Details of Variable Coupon Rate: |
- |
Seniority in Repayment: |
Senior |
|
Day Count Convention: |
Actual/actual |
Whether tax free: |
Yes |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961: |
Under Section 10(15)(iv)(h) |
|
Issue price (per instrument): |
1000 |
|
|
Issue Size (in Crores): |
245.544 |
Series (if any): |
|
|
Total Allotment Quantity: |
2455441 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
24-Sep-2013 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
ANNUALLY, FIRST INTEREST PAYMENT SHALL BE ON 01.12.2013 THEREAFTER ON 1ST DECEMBER EVERY YEAR |
Scheduled Opening Date: |
30-Aug-2013 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
23-Sep-2013 |
|
Call Option with specified dates: |
|
Actual Closing Date: |
16-Sep-2013 |
|
Redemption Date/Last Conversion Date: |
24-Sep-2023 |
|
|
|
Defaulted in Redemption: |
Not Applicable |
|
|
|
If guaranteed, provide complete details regarding the Guarantee: |
|
|
Redemption Premium Details: |
|
Step up / Step down coupon basis: |
|
|
Step up / Step down details: |
|
Indicate whether Put option will be exercised at Discount/Premium/Par: |
|
|
Put option details: |
|
Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
|
Whether Debentures/Bonds are perpetual in nature: |
|
|
Indicate whether the instrument is rated: |
|
Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
|
Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
Compounding Frequency Details: |
|
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
|