REC bonds should trade Rs.15 lower than PFC tax free bonds (excluding interest accumulated component) on a comparitive YTM basis.
If PFC trades @ 1010 then REC should list @ 995 (minus interest component) so may be Rs.990/-. So those who have applied for listing gains can write to Registrar for refund.
If PFC trades @ 1010 then REC should list @ 995 (minus interest component) so may be Rs.990/-. So those who have applied for listing gains can write to Registrar for refund.