Investing in REC Zero Coupon Bonds

#1
Rural Electrification Corporation Limited (REC), a "navratna" Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC, a listed Public Sector Enterprise of the Government of India has a net worth of Rs11,080 crores as on March 31, 2010. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.

REC has announced the issue of Zero Coupon Bonds. The issue size of the bond is Rs 250 crores with a green shoe option to retain oversubscription. The issue opens on November 18, 2010 and is available for application till November 30, 2010.

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Investing in REC Zero Coupon Bonds
 
#2
Rural Electrification Corporation Limited (REC), a "navratna" Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC, a listed Public Sector Enterprise of the Government of India has a net worth of Rs11,080 crores as on March 31, 2010. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.

REC has announced the issue of Zero Coupon Bonds. The issue size of the bond is Rs 250 crores with a green shoe option to retain oversubscription. The issue opens on November 18, 2010 and is available for application till November 30, 2010.

Know More:
Investing in REC Zero Coupon Bonds
minimum application amount to be paid is 67.89 lacs
lock in for 10 years
on maturity payable 1.50 crore
 

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