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{"id":2167,"date":"2012-11-30T17:20:14","date_gmt":"2012-11-30T17:20:14","guid":{"rendered":"https:\/\/teluguinvestor.com\/uncategorized\/rec-tax-free-bonds\/"},"modified":"2012-11-30T17:20:14","modified_gmt":"2012-11-30T17:20:14","slug":"rec-tax-free-bonds","status":"publish","type":"post","link":"https:\/\/teluguinvestor.com\/uncategorized\/rec-tax-free-bonds\/","title":{"rendered":"REC Tax Free Bonds"},"content":{"rendered":"

REC Tax Free Bonds Public Issue to open on 03 Dec 2012<\/h2>\n

REC Ltd. is coming with Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds of face
\nvalue of Rs. 1,000 each in the nature of Debentures having tax benefits. The Tranche Issue by the issuer is of Bonds
\naggregating to Rs.1000 Cr with an option to retain oversubscription upto the shelf limit (of Rs.4500 crores)<\/p>\n

Download\u00a0REC Tax Free Bonds application forms<\/a><\/p>\n

Investments upto 10 lakh in REC Tax Free Bonds are treated in retail investment category and investments above 10 lakhs in REC Tax Free bonds are treated in HNI Category<\/p>\n

Bonds can be held either in physical form or in demat mode as per the option of the investor. \u00a0But if some one wants to trade the bonds on nse\/bse then it can be done only with bonds in demat mode.<\/p>\n

*Allotment in REC TAX FREE BONDS is on first come first serve basis and bidding of the form is mandatory.<\/strong><\/p>\n

With reference to the SEBI Circular dated 27th<\/sup>\u00a0July 2012 – All Debt issue applications must be bidded before getting submitted with the collecting bankers.\u00a0<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

Issue details of REC Tax Free Bonds<\/h2>\n\n\n\n\n\n\n\n
Issue Opens<\/td>\nMonday, December 03, 2012<\/td>\n<\/tr>\n
Issue Closes<\/td>\nMonday, December 10, 2012*<\/td>\n<\/tr>\n
Mimnimum Application Size<\/td>\nFace value of each\u00a0Bond\u00a0shall be Rs.1,000\/- and the minimum application size shall be for 5\u00a0bonds\u00a0and in multiples \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0of 1\u00a0Bond thereafter. No Upper Limits on investments<\/td>\n<\/tr>\n
Listing<\/td>\nBSE and NSE<\/strong><\/td>\n<\/tr>\n
Rating<\/td>\n\u201cCRISIL AAA\/Stable\u201d by CRISIL, \u201cCARE AAA\u201d by CARE, \u201cIND AAA\u201d by IRRPL\u201c[ICRA]AAA\u201d by ICRA<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Coupon Rates for Category-I, II, III & IV Applicants (% p.a)<\/td>\n\n

7.22%<\/strong><\/p>\n<\/td>\n

\n

7.38%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Additional Coupon Rates for Category-IV Applicants (% p.a.)**<\/strong><\/td>\n\n

0.50%<\/strong><\/p>\n<\/td>\n

\n

0.50%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Aggregate Coupon Rates for Category-IV Applicants (% p.a.)**<\/strong><\/td>\n\n

7.72%<\/strong><\/p>\n<\/td>\n

\n

7.88%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Interest payment date<\/td>\nDecember 01, of every year.<\/strong><\/td>\n<\/tr>\n
Tenor<\/td>\n\n

10 years<\/strong><\/p>\n<\/td>\n

\n

15 years<\/strong><\/p>\n<\/td>\n<\/tr>\n

Face Value per\u00a0Bond<\/td>\n\n

Rs. 1,000\/-<\/strong><\/p>\n<\/td>\n<\/tr>\n

Frequency of Interest payment<\/td>\n\n

Annual<\/strong><\/p>\n<\/td>\n

\n

Annual<\/strong><\/p>\n<\/td>\n<\/tr>\n

Registrar<\/td>\nKarvy Computershare Private Limited<\/strong><\/td>\n<\/tr>\n
Tax Benefits<\/td>\nInterest income is tax free. Bonds listed on NSE & BSE are treated as long term capital asset if held for more than 12 months.<\/strong><\/td>\n<\/tr>\n
Mode of allotment<\/td>\nIn dematerialised form as well as in physical form, at the option of Applicants.<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

REC Tax Free Bonds Public Issue to open on 03 Dec 2012 REC Ltd. is coming with Public Issue of Tax Free Secured Redeemable Non-Convertible Bonds of face value of Rs. 1,000 each in the nature of Debentures having tax benefits. The Tranche Issue by the issuer is of Bonds aggregating to Rs.1000 Cr with …<\/p>\n

REC Tax Free Bonds<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nREC Tax Free Bonds - features, interest rates and important dates<\/title>\n<meta name=\"description\" content=\"REC Tax Free Bonds - Public issue of Tax Free Secured Redeemable Non Convertible Bonds to open from 3 Dec 12 to 10 Dec 12. 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