Trading Members of the Exchange are hereby informed that the under mentioned securities of Rural Electrification Corporation Limited are admitted to dealings on the Exchange with effect from Wednesday, April 4, 2012 in the list of "F GROUP".
Securities:
Rural Electrification Corporation Limited -Tax Free Bonds in the nature of Secured Redeemable Non Convertible Bonds In The Nature Of Debentures Having Tax Benefits Under Section 10 (15) (iv) (h) of the Income Tax Act , 1961.
Name of the Company
Rural Electrification Corporation Limited Face/Paid-up value of Bonds (Rs. /Bond)
Rs. 1,000/- Issue Price of Bonds (Rs. /Bond)
Rs. 1,000/- Scrip Code
961743
961744 Scrip ID
793REC22
812REC27 Security Description
7.93%/8.13% Tax Free Secured Redeemable Non Convertible Bonds
8.12%/8.32% Tax Free Secured Redeemable Non Convertible Bonds
No. of Securities
8396740
21603260 Distinctive number
1 to 8396740
1 to 21603260 ISIN
INE020B07GG9
INE020B07GH7 Abbrv. Name
793REC22
812REC27 Coupon (%)
7.93% and additional 0.20 for Category III applicants hence 8.13%
8.12% and additional 0.20 for Category III applicants hence 8.32% Deemed Date of Allotment
March 27,2012 Date of Allotment
March 27,2012 Lock-In Upto
NA Buy Back Date
NA Redemption/Maturity date
March 27, 2022
March 27, 2027 Tenor
10 years
15 years Maturity/Redemption Amt. per Bond
Rs. 1,000/-
Rs. 1,000/- First Interest payment date
July 1, 2012
July 1, 2012 Credit Rating
CRISIL AAA/Stable, CARE AAA, Fitch AAA(ind) Market lot
1 Bond
1. Trading Members may note that as per the guidelines issued by SEBI dated 16th February, 2000; Bonds will only be traded in dematerialized form. Trades effected in this scrip will be in unit market lot (i.e. One Bond).
2. The financial year of Rural Electrification Corporation Limited ends on the 31st March.
3. The address and contact details of the Company are as below:
dear chintan / vishal investment will u tel me is there any price discovery like mcx will be in MT eud or the issued price is Rs.80 n 5% uper or lower circuit filter there or not pl clerify ? and also if i apply as minor do i get shares or not as i hv made application in the name of minor in mt
Hi, For this issue there is something called as a price discovery mechanism in the first one hour of trade to identify the equilibrium price. Post that there will be a 5% circuit filter on the equilibrium price. For Eg: If the equilibrium price attained in the 1st one hour is 100 rs the 5% circuit limit will be applicable on Rs. 100.
AS PER MY OPENION, HUDCO-RAILWAY BOND-REC BOND ARE GOOD. THEY ALL ARE MANAGED BY GOVT. OF INDIA. THERE IS NO POSSIBILITY OF INTEREST/CAPITAL DEFAULT. AS SOON AS THE MONEY CRISIS OF YEAR END EASES, LIQUIDITY EASES, THEY ALL WILL GO UPWARD. NOW NO MORE BOND ISSUE IS COMING FOR FEW MONTHS.ALL THE BONDS ARE GIVING TAX BENEFIT FOR 15 YEARS.ONE BOND GIVES TAX BENEFIT OF 267 RS. FOR HIGHEST TAX BRACKET FOR 15 YEAR IN COMPARISON WITH NATIONALIZED BANK F.D.