Tuesday, February 1, 2011

REC LONG TERM INFRASTRUCTURE BONDS

Issue Closes:- 28th March, 2011

IMPORTANT POINTS TO BE NOTED :-

1)

Bonds will be accepted in both physical & demat form. Please write sole/ First applicant's name, Ph No & Appln no on the reverse of the chq.

Eligible Investors are Individual ( Major )& HUF thru Karta of HUF

2)

Investor applying under demat form has to compulsory attach self attested Pan zerox of all the holders &

investor applying under physical option has to submit self attested copies of PAN & address proof & self attested cancelled chq.

3)

One bond is of Rs 5000/-. Min appln is of 2 bonds & in multiples of one bond thereafter.

4)

Chq / DD should be drawn in favour of " REC Long Term Infra Bond". Its should be crossed a/c payee only.

5)

Tenure is 10 yrs .Buyback facility is available in OPTION I after 5 yrs & OPTION II -No buy Back

6)

Interest rate is 8% p a.for Option I & 8.10 p.a for Option II

7)

Int on application money at the prescribed rate from the date of credit in REC bank a/c to the date of allotment shall be paid with first annual interest payment.


No comments: