R

Rural Electrification Corpor… 8.86% Mar 2034 NCD

AAA Secured NCD

REC Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
4.21%
Market YTM
Coupon Rate
8.86%
Per annum
Maturity Date
24 Mar 2034
7.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
4.21%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-250 bps
vs 7.6Y G-Sec at 6.71%
Below the median spread for similar-tenor peers
Tenure
7.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-08-26
Cashflow Timeline
24 Mar 2027
Interest Payment
₹88.60 / Bond
24 Mar 2028
Interest Payment
₹88.60 / Bond
24 Mar 2029
Interest Payment
₹88.60 / Bond
24 Mar 2030
Interest Payment
₹88.60 / Bond
24 Mar 2031
Interest Payment
₹88.60 / Bond
24 Mar 2032
Interest Payment
₹88.60 / Bond
24 Mar 2033
Interest Payment
₹88.60 / Bond
24 Mar 2034
Principal Payment
₹1,000.00 / Bond

Next 7 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 2014-03-24 Matures 2034-03-24

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

Key Metrics
Coupon Rate
8.86%
YTM (Annual)
4.21%
Credit Rating
AAA
(ICRA)
Remaining Tenure
7.6 Years
Advanced metrics
Modified Duration
5.65 Yrs
Macaulay Duration
5.89 Yrs
Issue Size
₹85 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
5.65 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.14 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
2014-03-24
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

REC Limited issued this secured, rated, ncd (8.86% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.61%) SECURED REDEEMABLE NON-CONVERTIBLE TAX FREE BONDS. TRANCHE 2. SERIES 3B. DATE OF MATURITY 24/03/2034) carrying a 8.86% p.a. coupon, paid annual. It repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 129.9000 4.2095 10
2026-08-13 121.7500 5.0800 3
2026-08-03 130.0000 4.2241 None
2026-07-31 126.8000 4.6509 None
2026-07-28 128.0000 4.4950 None
2026-07-23 127.0010 4.6347 None
2026-07-20 127.5000 4.5709 None
2026-07-17 118.6500 5.5500 1
2026-07-14 127.0000 4.6446 None
2026-06-25 130.0000 4.2694 10
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2014-02-18
Rating Actions History 1 2026-07-06
Secondary-Market Trades 10 NSE CM 2026-08-26
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… 8.86% Mar 2034 NCD?

Rural Electrification Corpor… 8.86% Mar 2034 NCD carries a coupon of 8.86%, paid annual, on a face value of ₹1,000.

When does Rural Electrification Corpor… 8.86% Mar 2034 NCD mature?

Rural Electrification Corpor… 8.86% Mar 2034 NCD matures on 2034-03-24, 7.6 years from today.

What is Rural Electrification Corpor… 8.86% Mar 2034 NCD rated?

Rural Electrification Corpor… 8.86% Mar 2034 NCD is rated AAA by ICRA. As of 2014-02-18.

Is Rural Electrification Corpor… 8.86% Mar 2034 NCD secured?

Rural Electrification Corpor… 8.86% Mar 2034 NCD is a secured bond.

Can Rural Electrification Corpor… 8.86% Mar 2034 NCD be called or put back early?

Rural Electrification Corpor… 8.86% Mar 2034 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Rural Electrification Corpor… 8.86% Mar 2034 NCD currently offer?

The last recorded trade on 2026-08-26 priced Rural Electrification Corpor… 8.86% Mar 2034 NCD at ₹129.90, implying a yield to maturity of 4.21%.

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