REC 8.46% Aug 2028 NCD (INE020B07HN3)

Tax-free

India Ratings AAA Secured NCD

REC Limited

Secured, Rated, Tax-free, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

193 more bonds from REC Limited →

Current YTM

5.38%

Market YTM

Coupon Rate

8.46%

Per annum

Maturity Date

29 Aug 2028

1.8 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹10,00,000

Per Bond

Market Position

YTM (Annual)

5.38%

Last traded 13 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

1.8 Years

Remaining to maturity

Price vs Yield

— Price (Clean)

10 Jan 202313 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

29 Aug 2027

Interest Payment

₹84,600.00 / Bond

29 Aug 2028

Final coupon + principal

₹10,84,600.00 / Bond

₹84,600.00 coupon + ₹10,00,000 face value

2 coupons remaining, the last paid with principal at maturity · per ₹10,00,000 face value · projected dates

Payment Disclosures (SEBI Reg52(4))

1 disclosed

Due Date	Type	Amount Due	Amount Paid	Status	Filing
2026-08-29	Interest	₹96,53,00,000.00	₹96,53,00,000.00	Paid	XBRL →

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

Bond Timeline

— Issue / Maturity | Coupon (projected) ◆ Reg52(4) disclosed ┊ Today

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics

Coupon Rate

8.46%

YTM (Annual)

5.38%

Credit Rating

AAA

(India Ratings) · rated 30 Sep 2013, 13 years ago

Over 15 months old; see below

Remaining Tenure

1.8 Years

AAA (India Ratings): Rated 30 Sep 2013 (13 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

1.64 Yrs

Macaulay Duration

1.73 Yrs

Issue Size

₹1,141 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

1.64 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

13 Oct 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
3 secondary-market trades recorded in the last 30 days.
Coupon is 1.74 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026

Issuer

REC Limited

Instrument Type

NCD

Issue Date

29 Aug 2013

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by REC Limited, REC 8.46% Aug 2028 NCD is a secured, rated NCD. It pays an 8.46% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
30 Sep 2013	India Ratings	AAA	—	Latest	BSE listing
2013	CRISIL	AAA	—	NSDL record, 2013	NSDL debt master

Rating Action History

2 actions

Agency actions on REC Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-10-07	CRISIL	Reaffirm	—	—	View →
2026-07-06	CRISIL	Update	—	—	View →

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on REC Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-10-07	CRISIL	Reaffirm	—	View →
2026-07-06	CRISIL	Update	—	View →

Alert me about REC Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE020B07HN3: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-13	105.3300	5.3800	1
2026-10-12	105.1700	5.4600	1
2026-10-08	105.1700	5.4900	1
2026-10-05	105.1700	5.5000	2
2026-09-29	105.1700	5.5200	1
2026-09-28	105.1700	5.5300	1
2026-09-25	105.1700	5.5300	2
2026-09-23	105.1700	5.5500	1
2026-09-21	105.1700	5.5500	1
2023-01-10	114.1118	—	4

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL, India Ratings	2013-09-30
Rating Actions History	2	—	2026-10-07
Secondary-Market Trades	10	BSE	2026-10-13
Reg52(4) Payment Disclosures	1	NSE	2026-08-29

Documents

Entity metadata

Source: BSE
Last Updated: 8 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

₹10,53,300.00

YTM5.38%

Trade Date 13 Oct 2026 26d ago

SourceBSE

Accrued interest (est.)₹16,688.22

Dirty price (est.)₹10,69,988.22

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on REC 8.46% Aug 2028 NCD?

REC 8.46% Aug 2028 NCD carries a coupon of 8.46%, paid annual, on a face value of ₹10,00,000.

When does REC 8.46% Aug 2028 NCD mature?

REC 8.46% Aug 2028 NCD matures on 29 Aug 2028, 1.8 years from today.

What is REC 8.46% Aug 2028 NCD rated?

REC 8.46% Aug 2028 NCD is rated AAA by India Ratings (rating dated 30 Sep 2013).

Is REC 8.46% Aug 2028 NCD secured?

REC 8.46% Aug 2028 NCD is a secured bond.

Where does REC 8.46% Aug 2028 NCD trade?

REC 8.46% Aug 2028 NCD is listed on BSE.

What yield does REC 8.46% Aug 2028 NCD currently offer?

The last recorded trade on 13 Oct 2026 priced REC 8.46% Aug 2028 NCD at ₹10,53,300.00 per bond, implying a yield to maturity of 5.38%.

More Bonds from This Issuer

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Coupon

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Maturity

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View Details

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AAA NSDL record, 2021

Coupon

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Maturity

30 Nov 2026

View Details

REC 7.54% Dec 2026 NCD

INE020B08AC9

AAA NSDL record, 2016

Coupon

7.54%

Maturity

30 Dec 2026

View Details

REC 5.00% Dec 2026 NCD

INE020B07MM5

AAA NSDL record, 2021

Coupon

5.00%

Maturity

31 Dec 2026

View Details

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