Instrument Description (Long): |
8.44% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.19%) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE 2. SERIES 1B. DATE OF MATURITY 24/03/2024 |
Instrument Description(short): |
RURAL ELECTRIFICATION CORPORATION LIMITED TR 2 SR 1B 8.44 BD 24MR24 FVRS1000 |
ISIN: |
INE020B07IF7 |
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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: |
8.44%(REFER REMARKS) |
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|
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Details of Variable Coupon Rate: |
N.A. |
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 |
|
|
Issue Size (in Crores): |
130.061 |
Series (if any): |
TRANCHE 2 SERIES 1B |
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Total Allotment Quantity: |
1300610 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
Yes |
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Date of Allotment: |
24-Mar-2014 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
10
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
1ST DEC OF EVERY YEAR TILL MATURITY |
Scheduled Opening Date: |
28-Feb-2014 |
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Put Option with specified dates: |
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Scheduled Closing Date: |
14-Mar-2014 |
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Call Option with specified dates: |
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Actual Closing Date: |
14-Mar-2014 |
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Redemption Date/Last Conversion Date: |
24-Mar-2024 |
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|
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Defaulted in Redemption: |
Not Applicable |
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|
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If guaranteed, provide complete details regarding the Guarantee: |
N.A. |
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Redemption Premium Details: |
N.A. |
Step up / Step down coupon basis: |
|
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Step up / Step down details: |
N.A. |
Indicate whether Put option will be exercised at Discount/Premium/Par: |
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Put option details: |
N.A. |
Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
N.A. |
Whether Debentures/Bonds are perpetual in nature: |
No |
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Indicate whether the instrument is rated: |
Yes |
Type of Convertibility - A: |
Non Convertible |
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Convertibility details: |
N.A. |
Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A. |
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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 AN/ OR HYPOTHECATION OF IMMOVABLE AND/ OR MOVABLE PROPERTIES OF THE COMPANY AS AGREED BETWEEN THE TRUSTEE AND THE COMPANY |