REC Tax Free Bond - Product Note | WWW.INVESTCHIPS.COM

REC Tax Free Bond - Product Note

REC Tax Free Bond Public Issue - Product Note.pdf Download this file

REC is a Navratna status Central Public Sector Enterprise under Ministry of Power.

Issuer Rural Electrification Corporation

Credit Rating AAA - by CRISIL, CARE, ICRA & FITCH

Instrument Tax free Secured Redeemable Non-convertible Bonds

Face value of each bond Rs. 1,000

Minimum application To be decided

Trading Proposed to be listed on BSE and NSE, Trading only in Demat Form

Lock in period Nil

Taxability Interest –Tax free; Short term/long term Capital Gains on transfer –Taxed at applicable rates

Tenor 10 years and/or 15 years

Coupon To be decided

Interest on application money To be decided

Mode of Allotment Demat (NSDL and CDSL)

Details of Depositary and beneficiary account of applicant.

MOA, AOA and Power ofAttorney or relevant resolution or authority in case of companies,

corporate bodies, registered societies, MFs, Insurance Companies etc.

Please find attached a short product note on REC for marketing the REC Tax free bond issues ..

The issue is likely to open on 3^rd December.

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