Instrument Description (Long): |
7.09% SECURED REDEEMABLE NON CONVERTIBLE TAXFREE BONDS. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 05/11/2030 |
Instrument Description(short): |
RURAL ELECTRIFICATION CORPORATION LIMITED SR-2A 7.09 BD 05NV30 FVRS1000 LOA UPTO 02FB16 |
ISIN: |
INE020B07JR0 |
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Type of Instrument: |
Bonds |
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Face Value (per instrument):: |
1000 |
Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
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Coupon Rate: |
7.09% |
|
|
|
Details of Variable Coupon Rate: |
N.A. |
Seniority in Repayment: |
Senior |
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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) |
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Issue price (per instrument): |
1000 |
|
|
Issue Size (in Crores): |
133.641 |
Series (if any): |
SERIES 2A |
|
Total Allotment Quantity: |
0 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
05-Nov-2015 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
15
Months
:
0
Days
:
0
|
|
|
Frequency of Interest Payment with specified dates: |
FIRST ON 28-DEC-15 THEREAFTER ANNUALLY ON 01 DEC |
Scheduled Opening Date: |
27-Oct-2015 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
04-Nov-2015 |
|
Call Option with specified dates: |
|
Actual Closing Date: |
28-Oct-2015 |
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Redemption Date/Last Conversion Date: |
05-Nov-2030 |
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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: |
|
|
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 |
|
Convertibility details: |
N.A. |
Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
Compounding Frequency Details: |
N.A. |
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
AS PER EXECUTED BOND TRUST CUM MORTGAGE DEED BETWEEN ISSUER AND DEBENTURE TRUSTEE FOR THE ISSUE |