Rural Electrification Corporation Ltd NCD (REC NCD Feb 2014) Detail

Feb 28, 2014 - Mar 14, 2014

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.

REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.

REC currently administer grants and provide loans as the nodal agency for the RGGVY, which is primarily aimed at the electrification of all villages in India. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.

REC NCD Feb 2014 Detail

Issue OpenFeb 28, 2014 - Mar 14, 2014
Security NameRural Electrification Corporation Ltd
Security Type
Issue Size (Base)Rs 250.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Objects of the Issue:

The funds raised through this Issue will be utilised towards general lending operations of the Company and other associated business objectives and to discharge existing debt obligations, which were generally undertaken for business operations, subject to the restrictions contained in the Foreign Exchange Management (Borrowing and Lending in Rupee) Regulations, 2000 and other applicable statutory and / or regulatory requirements.

Rating

These bonds are rated 'CRISIL AAA/Stable' by CRISIL, 'CARE AAA' by CARE, 'IND AAA' by IRRPL and '[ICRA] AAA' by ICRA indicating highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risks.

Offerings

For category I,II and III (Non-Retail) the coupon rates are 8.19% for 10 yrs, 8.63% for 15 yrs and 8.61% for 20 yrs while for Retail category the coupon rates are 8.44% for 10 yrs, 8.88% for 15 yrs and 8.86% for 20 yrs.

REC NCD Feb 2014 Prospectus

REC NCD Feb 2014 Rating

0
0.0
Rating:Rated 0.0 stars

Vote Here ...

REC NCD Feb 2014 Reviews

Company Contact Information

Rural Electrification Corporation Ltd
Core 4, SCOPE Complex,
7, Lodhi Road,
New Delhi 110 003, India

Phone: +91 11 4102 0101
Email: rectfbond@recl.nic.in
Website: http://www.recindia.nic.in

REC NCD Feb 2014 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email:
Website: https://karisma.kfintech.com/

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...









Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App