Showing posts with label 54EC Capital Gain Bonds of REC. Show all posts
Showing posts with label 54EC Capital Gain Bonds of REC. Show all posts

Tuesday, July 28, 2020

54EC Capital Gain Bonds of REC, NHAI, PFC & IRFC - Rate of Interest reduced - 5.75% to 5% w.e.f. August 01, 2020.

This is to inform you that the Rate of Interest on 54EC Capital Gain Bonds of REC, NHAI, PFC & IRFC is Reduced from 5.75% to 5% w.e.f. August 01, 2020

 

The Notice in this regard is also updated on company website of REC, NHAI,PFC & IRFC. Further, the Information Memorandum dated 01st April 2020 (as amended from time to time) and Application Form, wherever “Coupon Rate” / “Interest Rate” is mentioned, same stands replaced and read as under;

 

 (i)    Where Application Money is credited in NHAI 54EC Bonds Collection Accounts on or before 31st July, 2020 – 5.75% PA, and;




54EC Capital Gain Bonds of REC, NHAI, PFC & IRFC - Rate of Interest reduced - 5.75% to 5% w.e.f. August 01, 2020.



(ii)    Where Application Money is credited in NHAI 54EC Bonds Collection Accounts on or after 1st August 2020 - 5.00% PA


Accordingly, clause of interest rate as mentioned in the highlights of Information Memorandum dated 01.04.2020 and front side of the Application Form stands amended as above.


All the other terms & conditions of the Information Memorandum (IM) for the above series of bonds will remain same. For further information, investors may refer IM and other details at company website.

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