Key points of Rural Electrification Corporation Limited - Tax Free Bonds August 2013
• Interest received is fully tax free.
• Retail Investors - 8.26% (10 years), 8.71% (15 years) & 8.62% (20 years).
• Pre tax yield - 11.95% (10 years), 12.60% (15 years) & 12.47% (20 years) for an investor in the highest slab of income tax.
• HNIs - Similar options with 0.25% lower interest rate.
• "AAA/Stable" rating by CRISIL / CARE / ICRA.
• Issue opens 30/08/2013 & closes 23/09/2013.
• Issue size Rs.4,850 Crores with allotment on "First Come First Serve" basis.
For details see http://profit.ndtv.com/news/your-money/article-rec-tax-free-bonds-why-you-should-go-for-it-326466
• Interest received is fully tax free.
• Retail Investors - 8.26% (10 years), 8.71% (15 years) & 8.62% (20 years).
• Pre tax yield - 11.95% (10 years), 12.60% (15 years) & 12.47% (20 years) for an investor in the highest slab of income tax.
• HNIs - Similar options with 0.25% lower interest rate.
• "AAA/Stable" rating by CRISIL / CARE / ICRA.
• Issue opens 30/08/2013 & closes 23/09/2013.
• Issue size Rs.4,850 Crores with allotment on "First Come First Serve" basis.
For details see http://profit.ndtv.com/news/your-money/article-rec-tax-free-bonds-why-you-should-go-for-it-326466
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