6.50% Rural Electrification Corporation Limited - AAA Rated (INE020B08DQ3)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B08DQ3, with a face value of ₹10,00,000 rs on 26Mar21 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.50% and its interest is paid Semi 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 6.5% UNSECURED RATED LISTED NON CONVERTIBLE TAXABLE GOI FULLY SERVICED BOND IN THE NATURE OF DEBENTURES. SERIES GOI-XIV.DATE OF MATURITY 26/03/2031. 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 26Mar21 & on NSE stock exchange on 26Mar21. 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.