The Hindu Business Line : KSEB bonds to be redeemed

THIRUVANANTHAPURAM: The public sector Kerala State Electricity Board (KSEB) has announced that 50 per cent (Rs 100 crore) of the face value of the non-SLR bonds for Rs 200 crore issued by the public utility during 1998-99 would mature on June 20.

These bonds, comprising a tax-bearing series carrying 14.75 per cent and a tax-free series with a coupon rate of 12.75 per cent, would be available for redemption, inclusive of interest, from June 20 onwards. The cheques for the amount would be sent down to individual investors through Kirloskar Computer Services Ltd, transfer agent for the bonds.

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