8.57% Rural Electrification Corporation Limited - AAA Rated (INE020B08880)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B08880, with a face value of ₹10,00,000 rs on 22Dec14 to raise 2250 crores. The debt instrument is issued with a coupon rate of 8.57% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 8.57% UNSECURED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 128TH. DATE OF MATURITY 21/12/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 26Dec14 & on NSE stock exchange on 24Dec14. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 30Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.