State-run Rural Electrification Corp (REC) plans to raise Rs. 3,500 crore from the market which is inclusive of the green-shoe option of Rs. 2,500 crore.
The issue is open on 30-Aug-2013 & expected to be oversubscribed and will perhaps end before its schedule closing date of 23 September, 2013.
- Issue Open on 30-Aug-2013
- Issue Closes on 23-Sep-2013 (First-come-first-serve)
CRISIL, CARE, India Ratings and ICRA have given the high ‘AAA’ rating to the bonds.
What is the interest rates offered on these REC tax free Bonds?
|Options||Series 1||Series 2||Series 3|
|Tenure||10 years||15 years||20 years|
|Coupon rates (retail individual investors)||8.26%||8.71%||8.62%|
|Effective yield – 30.9% tax bracket||11.95%||12.60%||12.47%|
|Effective yield – 20.6% tax bracket||10.40%||10.97%||10.86%|
|Effective yield – 10.3% tax bracket||9.21%||9.71%||9.61%|
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Allotment Status of Ennore Port Tax free Bonds
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