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Instrument Details

ISIN: INE020B07JT6

Face value

₹1,000

Coupon rate

7.18%

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

235.1118

Instrument Type

Bond

Returns

Medium

Date of Issue

05 Nov 2015

Maturity Date

11 May 2035

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

RURAL ELECTRIFICATION CORPORATION LIMITED SR-3A 7.18 BD 05NV35 FVRS1000 LOA UPTO 02FB16
Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B07JT6, with a face value of ₹1,000 rs on 05Nov15 to raise 235.1118 crores. The debt instrument is issued with a coupon rate of 7.18% and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 7.18% SECURED REDEEMABLE NON CONVERTIBLE TAXFREE BONDS. SERIES 3A. LETTER OF ALLOTMENT. DATE OF MATURITY 05/11/2035. 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 10Nov15. 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.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
17 Jan 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
05-Nov-15 : Your investment
₹7,180
05-Nov-16 : Interest
₹7,180
05-Nov-17 : Interest
₹7,180
05-Nov-18 : Interest
₹7,180
05-Nov-19 : Interest
₹7,180
05-Nov-20 : Interest
₹7,180
05-Nov-21 : Interest
₹7,180
05-Nov-22 : Interest
₹7,180
05-Nov-23 : Interest
₹7,180
05-Nov-24 : Interest
₹7,180
05-Nov-25 : Interest
₹7,180
05-Nov-26 : Interest
₹7,180
05-Nov-27 : Interest
₹7,180
05-Nov-28 : Interest
₹7,180
05-Nov-29 : Interest
₹7,180
05-Nov-30 : Interest
₹7,180
05-Nov-31 : Interest
₹7,180
05-Nov-32 : Interest
₹7,180
05-Nov-33 : Interest
₹7,180
05-Nov-34 : Interest
₹3,776
11-May-35 : Interest
₹2,40,196
11-May-35 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹1,40,196)

Summary

Instrument Attributes

Value

Coupon Rate

7.18%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE020B07JT6 issued by Rural Electrification Corporation Limited

The instrument name of INE020B07JT6 ISIN is RURAL ELECTRIFICATION CORPORATION LIMITED SR-3A 7.18 BD 05NV35 FVRS1000 LOA UPTO 02FB16.
The interest earned from INE020B07JT6 bond issued by Rural Electrification Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE020B07JT6 bond issued by Rural Electrification Corporation Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.18%, which determines the periodic interest payments made to bondholders.
The INE020B07JT6 Bond is issued by Rural Electrification Corporation Limited, a PSU company.
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