Final Term Sheet
|
Issuer
|
Rural
Electrification Corporation (REC)
|
|
Issue Size
|
500 cr. with a
green shoe option
|
|
Instrument
|
Unsecured
Non Convertible Non Cumulative Redeemable Taxable Bond Series -
|
|
Issuance/ Trading
|
In Demat Mode
|
|
Credit Rating
|
‘AAA/Stable’ by CRISIL and ‘LAAA’ by ICRA
|
|
Face Value
|
10 lakh per Bond
|
|
Issue Price
|
At par (10 lakh per Bond)
|
|
Redemption Price
|
At par (10 lakh per Bond)
|
|
Tenor
|
2 Year
|
|
Coupon
Rate
|
8.84%
|
|
Interest Payment
|
Annual
|
|
Put / Call Option
|
N.A.
|
|
Listing
|
Proposed on the Wholesale Debt Market (WDM) Segment
of the National Stock Exchange of India Ltd. (NSE)
|
|
Interest on Application Money *
|
At the respective coupon rate from the date of
credit in REC account till the day
prior to the Deemed Date of Allotment
|
|
Indicative Deemed Date of Allotment
|
15-Oct-12
|
|
Indicative issue Opens on
|
03-Oct-12
|
|
Indicative issue Closes on
|
05-Oct-12
|
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