Purnartha - 30-Aug-2013 - Investment opportunity in REC tax free - TopicsExpress



          

Purnartha - 30-Aug-2013 - Investment opportunity in REC tax free bonds Rural Electrification Corporation Limited (REC) tax free bonds issue - opens today and closes on 23rd September 2013 Rural Electrification Corporation Limited (REC), a Govt. of India undertaking company has come out with Tax Free Bonds issue of INR 3500 crores Following are the features of the bonds: Issue opens today and closes on 23rd September 2013 “AAA stable ” Crisil rated. 8.71% yield on the bonds for retail investors with investment of up to 10 lakhs for a period of 15 years. The effective yield for highest tax bracket retail individual investor translates to 12.6% per annum. Bonds will be listed on BSE. Minimum Application amount of INR 5000/-. We think this is good opportunity for investment as the yields on the bonds are good. Detailed prospectus can be downloaded from the following link: bseindia/downloads/ipo/REC_Prospectus_Tranche_I_August_26_2013_Final.pdf.
Posted on: Fri, 30 Aug 2013 05:53:28 +0000

Trending Topics



Recently Viewed Topics




© 2015