R

Rural Electrification Corpor… 8.46% Sep 2028 NCD

AAA Secured NCD

REC Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
2.60%
Market YTM
Coupon Rate
8.46%
Per annum
Maturity Date
24 Sep 2028
2.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
2.60%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-212 bps
vs 2.1Y G-Sec at 4.72%
Below the median spread for similar-tenor peers
Tenure
2.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-11 2026-08-27
Cashflow Timeline
24 Sep 2026
Interest Payment
₹84.60 / Bond
24 Sep 2027
Interest Payment
₹84.60 / Bond
24 Sep 2028
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-07-06 Issued 2013-09-24 Matures 2028-09-24

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.46%
YTM (Annual)
2.60%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
1.81 Yrs
Macaulay Duration
1.86 Yrs
Issue Size
₹1,639 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.81 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
NSE CM
Trades (30 Days)
17
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 17 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.54 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
2013-09-24
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

REC Limited issued this secured, rated, ncd (8.46% SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE 1. SERIES 2A. DATE OF MATURITY 24/09/2028) carrying a 8.46% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 111.7500 2.6044 None
2026-08-25 112.2000 2.4109 None
2026-08-21 112.2000 2.4398 None
2026-08-20 112.0000 2.5386 None
2026-08-18 105.9500 5.3800 3
2026-08-17 106.0100 5.3500 1
2026-08-14 104.0200 6.3500 1
2026-08-13 112.0160 2.5803 None
2026-08-12 112.1000 2.5492 None
2026-08-11 111.7000 2.7377 3
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2013-08-13
Rating Actions History 1 2026-07-06
Secondary-Market Trades 10 NSE CM 2026-08-27
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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.

Frequently Asked Questions
What is the coupon rate on Rural Electrification Corpor… 8.46% Sep 2028 NCD?

Rural Electrification Corpor… 8.46% Sep 2028 NCD carries a coupon of 8.46%, paid annual, on a face value of ₹1,000.

When does Rural Electrification Corpor… 8.46% Sep 2028 NCD mature?

Rural Electrification Corpor… 8.46% Sep 2028 NCD matures on 2028-09-24, 2.1 years from today.

What is Rural Electrification Corpor… 8.46% Sep 2028 NCD rated?

Rural Electrification Corpor… 8.46% Sep 2028 NCD is rated AAA by CRISIL. As of 2013-08-13.

Is Rural Electrification Corpor… 8.46% Sep 2028 NCD secured?

Rural Electrification Corpor… 8.46% Sep 2028 NCD is a secured bond.

What yield does Rural Electrification Corpor… 8.46% Sep 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced Rural Electrification Corpor… 8.46% Sep 2028 NCD at ₹111.75, implying a yield to maturity of 2.60%.

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