Rural Electrification Corporation Limited - AAA Rated (INE020B07IF7)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B07IF7, with a face value of ₹1,000 rs on 24Mar14 to raise 130.061 crores. The debt instrument is issued with a coupon rate of 8.44%(REFER REMARKS) and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 8.44% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.19%) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE 2. SERIES 1B. DATE OF MATURITY 24/03/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 27Mar14 & on NSE stock exchange on 08May14. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 29Mar19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.