7.40% Rural Electrification Corporation Limited - AAA Rated (INE020B08DO8)

Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE020B08DO8, with a face value of ₹10,00,000 rs on 12Mar21 to raise 3613.8 crores. The debt instrument is issued with a coupon rate of 7.40% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 7.40% UNSECURED RATED LISTED SENIOR NON CONVERTIBLE TAXABLE BOND IN THE NATURE OF DEBENTURES. SERIES 208.DATE OF MATURITY 15/03/2036. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 15Mar21 & on BSE stock exchange on 16Mar21. 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.