REC LONG TERM INFRASTRUCTURE BONDS 2011-2012 (Save Tax under section 80CCF) : Key Information

 

The size of the issue is aggregating up to Rs. 100 crore with a green-shoe option to retain over-subscription. Nature of Instrument - Unsecured, Redeemable, Non-Convertible Bonds. The Bonds will be issued in Demat mode only, The issue has been rated 'AAA Stable' by CRISIL; 'CARE AAA' by CARE and 'LAAA' by ICRA. Opening date of the issue: December 19, 2011. Closing date of the Issue: February 10, 2011 (discretion to close early subject to necessary approvals). NRI customers are not eligible to apply for the issue. Proposed to be listed on NSE & BSE. Eligible Investors: All Resident Individuals and HUF's The specific terms of each instrument are as follows: Options I II III IV Frequency of Interest Payment Cumulative Annual Cumulative Annual Tenor 10(Ten) Years 15(Fifteen) Years Face Value Rs 5000/- Minimum Application / Application in multiples of Rs 5000/-(i.e. 1 Bond) Coupon Rate (% p.a.) 8.95% p.a. (Annual Compounding) 8.95% p.a. (payable annually)) 9.15% p.a. (Annual Compounding) 9.15% p.a. (payable annually) Coupon Payment Daten At the time of maturity 15th February every year At the time of maturity 15th February every year Buyback Option At the end of 5 yrs+ 1day At the end of 5 yrs +1 day At the end of 7 yrs + 1 day At the end of 7 yrs + 1 day Maturity Date / Maturity amount in case of buy back option Maturity Date 16 February 2017 16 February 2019 Maturity Amt. after 5 yrs + 1 day Rs.7677/- Rs.5000/- Not Applicable Not Applicable Maturity Amt. after 7 yrs + 1 day Not Applicable Not Applicable Rs.9231/- Rs.5000/- Maturity Date / Maturity amount in case of without buy back option Maturity Date 15 February 2022 15 February 2027 Maturity Amt after 10 yrs Rs.11783/- Rs.5000/- Not Applicable. Not Applicable Maturity Amt after 15 yrs Not Applicable Not Applicable Rs.18592/- Rs.5000/- Lock-in-period 5 Years from deemed date of Allotment

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          Registrar to the Issue :
             M/s  Beetal   Financial   & Computer Services  Pvt.  Ltd., 
             Beetal   House, 3rd  Floor,  99  Madangir,   
             Behind  Local  Shopping Center, New Dehi -110062 
             Phone No. 011-29961281-3
             Email: recbonds@gmail.com 

         For any assistance or clarification please contact:
            REC LIMITED, Bond Section
            Core-4, SCOPE Complex
            7, Lodhi Road
            New Delhi - 110003   
            Phone : 011-43091527, 011-24361320 
            Tollfree No. : 1800-200-1333 
            Email:investorcell@recl.nic.in