R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.39%
Market YTM
Coupon Rate
8.56%
Per annum
Maturity Date
29 Nov 2028
2.3 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.39%
Live, last traded 2026-07-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+302 bps
vs 2.3Y G-Sec at 4.37%
Below the median spread for similar-tenor peers
Tenure
2.3 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
29 Nov 2026
Interest Payment
₹42,800.00 / Bond
29 May 2027
Interest Payment
₹42,800.00 / Bond
29 Nov 2027
Interest Payment
₹42,800.00 / Bond
29 May 2028
Interest Payment
₹42,800.00 / Bond
29 Nov 2028
Principal Payment
₹1,000,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-07-06 Issued 2018-11-29 Matures 2028-11-29

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

Key Metrics
Coupon Rate
8.56%
YTM (Annual)
7.39%
Credit Rating
AAA
(CARE)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
1.98 Yrs
Macaulay Duration
2.06 Yrs
Issue Size
₹2,552 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.98 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
2026-07-24
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.44 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Issuer
Instrument Type
NCD
Issue Date
2018-11-29
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

REC-8.56%-29-11-28-PVT is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 8.56% p.a. with semi annual interest payments and repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-24 102.7236 7.3900 None
2026-07-23 102.7357 7.3900 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2018-11-27
Rating Actions History 1 2026-07-06
Secondary-Market Trades 2 NSE OTC (WAP) 2026-07-24
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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 REC 8.56% Nov 2028 NCD?

REC 8.56% Nov 2028 NCD carries a coupon of 8.56%, paid semi annual, on a face value of ₹1,000,000.

When does REC 8.56% Nov 2028 NCD mature?

REC 8.56% Nov 2028 NCD matures on 2028-11-29, 2.3 years from today.

What is REC 8.56% Nov 2028 NCD rated?

REC 8.56% Nov 2028 NCD is rated AAA by CARE. As of 2018-11-27.

Is REC 8.56% Nov 2028 NCD secured?

REC 8.56% Nov 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 8.56% Nov 2028 NCD trade?

REC 8.56% Nov 2028 NCD is listed on BSE.

What yield does REC 8.56% Nov 2028 NCD currently offer?

The last recorded trade on 2026-07-24 priced REC 8.56% Nov 2028 NCD at ₹102.72, implying a yield to maturity of 7.39%.

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Maturity
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