REC - Long Term Infra Bonds

REC Ltd.: REC - Long Term Infra Bonds

Issue Opens: Monday 12th January, 2011

Issue Closes: Monday, 28th March, 2011

Registrar: Beetal Financial & Computer Services (P) Ltd.

Bankers to the Issue: All Branches of HDFC Bank, Union Bank, IDBI Bank & Designated Branches of Canara Bank.

Points to be Noted:

1. Bonds will be accepted in both physical & demat form. Please write sole/ first applicant's name, phone number, application number on the reverse of the cheque. Eligible Investors are individual (major) & HUF through Karta of HUF.

2. Investor applying under demat form has to compulsory attach self attested PAN xerox of all the holders & investor applying under physical option has to submit self attested copies of PAN & address proof & self attested cancelled cheque.

3. One bond of of Rs. 5,000/-. Minimum application is of 2 bonds & in multiples of one bond thereafter.

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

5. Tenure is 10 years. Buyback facility is available in OPTION I after 5 years and OPTION II - No Buyback.

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

7. Interest 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.

8. Please put your sub-broker code in column provided.

For any further queries kindly contact on below mentioned numbers:

022-40156699/ 40156692/ 40156688.

Thank you,

Minita Aiya

Client Service Associate

DENIP Consultants Pvt. Ltd.