Aug 26, 2013

Rural Electrification Corporation Ltd - Redeemable, Non-Convertible, Tax-Free Bonds - August 2013

Rural Electrification Corporation Ltd
Public financial institution in the Indian power infrastructure sector, engaged in financing and promotion of transmission, distribution and generation including renewable energy projects throughout India
Granted “Navratna” status by the Department of Public Enterprise by virtue of the operational efficiency and financial strength
Occupies a key position in the Government of India’s plans for the growth of the Indian
power sector

Key Highlights
• Rural Electrification Corporation Ltd. is a “Navratna” Government of India undertaking with 66.8% shareholding held by the President of India, acting through the MoP
• Highest Credit Rating of CRISIL AAA/Stable by CRISIL, CARE AAA by CARE, IND AAA by IRRPL and [ICRA] AAA by ICRA.
• Proposed to be listed on BSE
• Tax Free Secured Redeemable NCD with a coupon rate of 8.01% for 10 years, 8.46% for 15 years and 8.37% for 20 years (8.26%, 8.71% & 8.62% respectively for Retail Investors).

Issue Size (Rs in Crs)Public Issue of Tax Free Secured Redeemable Non-convertible Bonds for an amount of Rs.1000 Crores with an option to retain oversubscription upto Rs. 2500 Crores aggregating upto Rs. 3500 Crores.

Issue Program*
Issue Opening Date – 30th August 2013
Issue Closing Date* – 23rd September 2013
Deemed Date of Allotment shall be the date on which the Directors of the Company or any
committee thereof approves the Allotment of the Bonds.

Credit Rating CRISIL AAA/Stable” by CRISIL,“CARE AAA” by CARE, “IND AAA” by IRRPL and “[ICRA]AAA” by ICRA

Coupon Rates :
Options/ Series
Option-I (Series 3-A)
Option-II (Series 3-B)
Option-III (Series 3-C)
10 Years
15 Years
20 Years
Put & Call Option
At par at the end of 10th year from the Deemed Date of Allotment
At par at the end of 15th year from the Deemed Date of Allotment
At par at the end of 20th year from the Deemed Date of Allotment
Coupon Rate for Individuals (Retail upto 10 Lacs)
8.26% p.a.
8.71% p.a.
Coupon Rate for Others
8.46% p.a.
8.37% p.a.
National Stock Exchange of India Ltd. (NSE) & BSE

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