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Rural Electrification Corporation Limited NCD (Rural Electrification Corporation REC ncd) Detail

August 30, 2013 - September 16, 2013
Rural Electrification Corporation Limited Logo

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.

Rural Electrification Corporation REC ncd Detail

Issue Open August 30, 2013 - September 16, 2013
Security Name Rural Electrification Corporation Limited
Security Type
Issue Size (Base) Rs [.] Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 5 NCD
Listing At BSE
Credit Rating
Payment Frequency
Basis of Allotment First Come First Serve Basis

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.

Rural Electrification Corporation REC ncd Prospectus

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Company Contact Information

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

Phone: +91 11 4102 0101

Rural Electrification Corporation REC ncd Registrar

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

Phone: 04067162222, 04079611000

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