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Instrument Details

ISIN: INE020B08DQ3

Face value

₹10,00,000

Coupon rate

6.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

26 Mar 2021

Maturity Date

26 Mar 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

RURAL ELECTRIFICATION CORPORATION LIMITED SR GOI XIV 6.50 BD 26MR31 FVRS10LAC
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.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
01 Apr 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
26-Mar-21 : Your investment
₹32,50,000
26-Sep-21 : Interest
₹32,50,000
26-Mar-22 : Interest
₹32,50,000
26-Sep-22 : Interest
₹32,50,000
26-Mar-23 : Interest
₹32,50,000
26-Sep-23 : Interest
₹32,50,000
26-Mar-24 : Interest
₹32,50,000
26-Sep-24 : Interest
₹32,50,000
26-Mar-25 : Interest
₹32,50,000
26-Sep-25 : Interest
₹32,50,000
26-Mar-26 : Interest
₹32,50,000
26-Sep-26 : Interest
₹32,50,000
26-Mar-27 : Interest
₹32,50,000
26-Sep-27 : Interest
₹32,50,000
26-Mar-28 : Interest
₹32,50,000
26-Sep-28 : Interest
₹32,50,000
26-Mar-29 : Interest
₹32,50,000
26-Sep-29 : Interest
₹32,50,000
26-Mar-30 : Interest
₹32,50,000
26-Sep-30 : Interest
₹32,50,000
26-Mar-31 : Interest
₹16,50,00,000
26-Mar-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

6.50%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE020B08DQ3 issued by Rural Electrification Corporation Limited

The instrument name of INE020B08DQ3 ISIN is RURAL ELECTRIFICATION CORPORATION LIMITED SR GOI XIV 6.50 BD 26MR31 FVRS10LAC.
The interest earned from INE020B08DQ3 bond issued by Rural Electrification Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE020B08DQ3 bond issued by Rural Electrification Corporation Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 6.5%, which determines the periodic interest payments made to bondholders.
The INE020B08DQ3 Bond is issued by Rural Electrification Corporation Limited, a PSU company.
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