REC Opens Public Issue: Tax Free Secured Bonds…!

Allotment on First Come First Served Basis

Highlights....!

Issue Size

Rs. 1,000 crore with an option to retain over subscription up to the shelf limit of Rs. 4,500 crore.

Instrument

Tax Free Secured Redeemable Non-Convertible Bonds of face value of Rs.1,000 each in the nature of Debentures having tax benefits under the Section 10(15)(iv)(h) of the Income Tax Act, 1961.

Credit Rating:

 ‘CRISIL AAA/Stable’ by CRISIL, ‘CARE AAA’ by CARE, ‘IND AAA’ by IRRPL & ‘[ICRA] AAA’ by ICRA

Issue Opening Date

Monday, December 3, 2012

Issue Closing Date

Monday, December 10, 2012*

Face Value Rs. 1,000 per Bond

Minimum Subscription:

Minimum Subscription - 5 Bonds (Rs. 5,000) across both the series

Option Tranche 1 Series 1 Tranche 1 Series 2

 Tenor 10 years from the Deemed Date of Allotment 15 Years from the Deemed Date of Allotment

Coupon Rate For Category I, II & III Applicants (% p.a.)

7.22% 7.38%

For Category IV Applicants (% p.a.) ^

7.72% 7.88%

Interest on Refund 5 % p.a#

Issuance Form

Both in dematerialized form as well as in physical form, at the option of Applicants

 Listing

BSE and NSE. NSE shall be the Designated Stock Exchange for the Issue.

 Who can Apply

Mutual Funds; Alternate Investment Funds; Public

Financial Institutions; Scheduled Commercial Banks;

Multilateral and Bilateral Development Financial

Institutions; State Industrial; Development

Corporations; Insurance Companies; Provident Funds;

Pension Funds; National Investment Fund; Insurance Funds

Companies and Bodies Corporate,  Resident Indian individuals; Hindu Undivided Families through the Karta.

Contact:

Rural Electrification Corporation Limited

(A Government of India Enterprise)

Registered Office and Corporate Office: Core-4, SCOPE Complex, 7 Lodhi Road, New Delhi, 110003

Telephone: +91 11 41020101, Fax: +91 11 24369846, Email: rectfbond@recl.nic.in, Website: www.recindia.nic.in

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