6.23% Rural Electrification Corporation Limited - AAA Rated (INE020B08DT7)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B08DT7, with a face value of ₹10,00,000 rs on 21Oct21 to raise 1200 crores. The debt instrument is issued with a coupon rate of 6.23% 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 6.23% UNSECURED RATED LISTED NON CONVERTIBLE TAXABLE BOND IN THE NATURE OF DEBENTURES. SERIES 211.DATE OF MATURITY 31/10/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 22Oct21 & on NSE stock exchange on 22Oct21. 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.