Rural Electrification Corporation Limited - AAA Rated (INE020B07GY2)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B07GY2, with a face value of ₹1,000 rs on 25Mar13 to raise 81.3538 crores. The debt instrument is issued with a coupon rate of 6.88% (ADDITIONAL 0.50% TO RIs) and its interest is paid on Maturity. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 6.88% (ADDITIONAL 0.50% TO RIs) SECURED TAX FREE REDEEMABLE NON CONVERTIBLE BONDS. TRANCHE 2 SERIES 1. DATE OF MATURITY 25/03/2023. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 02Apr13 & on NSE stock exchange on 02Apr13. 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.