Rural Electrification Corporation Limited Tax Free Bonds 2012
Issue opens on: 3 December 2012
Issue opens on: 3 December 2012
Issue closes on: 10 December 2012
Duration
|
10 years
|
15 years
|
Frequency of Interest Payment
|
Annual
|
Annual
|
Coupon Rate
|
7.22%
|
7.38%
|
Coupon Rate for Retail Individual Investors (less than 10 lakhs)
|
7.72%
|
7.88%
|
Face value: Rs. 1000/-
Issue size: Rs. 4500 crores
Minimum application size: Rs. 5000/-
These bonds will be listed on BSE and NSE.
The
income by way of interest on these Bonds is fully exempt from Income
Tax as per provisions under section 10 (15) (iv) (h) of IT Act.
These bonds are rated "AAA" by CARE and CRISIL.
Take care and good luck!
These bonds are rated "AAA" by CARE and CRISIL.
Take care and good luck!
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