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Tuesday, July 10, 2012

REC and NHAI issue Capital Gain Bonds 2012 - 2013

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REC

NHAI

Face Value

10000

Issue Price

10000

Minimum Application Size

One Bond of Rs. 10000

Maximum Application size

500 Bond or 50 lakh

Mode of subscription

100% on application

Deemed Date of Allotment

Last day of each month for appl.money cleared & credit in REC collection a/c

Last day of each month for appl.money cleared & credit in NHAI collection a/c

Coupon Rate

6%

Payment of Interest

Payble annually on 30th June

Tenor

3 years

Maturity

3 years from Deemed Date of allotment ,

Date of Closure

Upto 31 Mar 13 . The corporation would have right to close the issue any time by giving prior notice

Rating

AAA CRISIL

AAA CRISIL

TDS

Non TDS from domestic Investor

Who can apply?


Individuals, HUF, Partnership Firm, other eligible firms

Document to be provided by all investor

1. Self attested copy of PAN Card (In case of joint application, self attested PAN copy of all applicants)
2. Address Proof
3. Cancelled Cheque

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