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 3rd December.

 



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