REC Tax Free Bond – Issue Details

Issue Details

Issue Opens On                                : Friday, August 30, 2013

Issue Closes On                                : Monday September 23, 2013

Rating                                                   : “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE, “IND AAA” by IRRPL, “[ICRA] AAA” by ICRA

Interest Rate for Retail                 : 8.26% p. a for 10 years

                                                                  8.71% p. a for 15 years

                                                                 8.62% p. a for 20 years

Interest Rate Non-Retail              : 8.01% p. a for 10 years

                                                                  8.46% p. a for 15 years

                                                                  8.37% p. a for 20 years

Minimum Application:   5 Bonds (Rs.5,000) across all Series of Bonds. Maximum INR 10 Lacs in application size for Retail Category

* Allotment is on First Come First Serve Basis.

Applications cannot be made by:

·         Minors without a guardian name;

·         Foreign nationals except as may be permissible under the CBDT Notification or under the applicable law;

·         Non-Resident Indians/FIIs who are

·         based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii)residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;;

·         Venture Capital Fund and Foreign Venture Capital Investor;

·         Overseas Corporate Bodies; and

·         Person ineligible to contract under applicable statutory/regulatory requirements