R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
8.08%
Market YTM
Coupon Rate
8.97%
Per annum
Maturity Date
28 Mar 2029
2.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
8.08%
Live, last traded 2026-08-13
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+183 bps
vs 2.6Y G-Sec at 6.25%
Below the median spread for similar-tenor peers
Tenure
2.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-09 2026-08-13
Cashflow Timeline
28 Mar 2027
Interest Payment
₹89,700.00 / Bond
28 Mar 2028
Interest Payment
₹89,700.00 / Bond
28 Mar 2029
Principal Payment
₹1,000,000.00 / Bond

Next 2 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 2019-03-28 Matures 2029-03-28

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

Key Metrics
Coupon Rate
8.97%
YTM (Annual)
8.08%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.6 Years
Advanced metrics
Modified Duration
2.17 Yrs
Macaulay Duration
2.34 Yrs
Issue Size
₹2,151 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
2.17 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-13
BSE
Trades (30 Days)
6
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 6 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.03 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
2019-03-28
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by REC Limited, REC-8.97%-28-3-29-PVT is a rated, ncd paying a 8.97% p.a. coupon annual. The instrument repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-13 101.9500 8.0800 1
2026-08-12 100.2800 8.8000 1
2026-08-10 100.2700 8.9000 1
2026-08-05 102.2121 7.9664 1
2026-08-03 102.2121 7.9684 None
2026-07-31 102.3700 7.9000 1
2026-07-28 100.8600 8.5500 1
2026-07-17 103.3000 7.5200 1
2026-07-15 100.7970 8.5847 None
2026-07-09 101.7000 8.2500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2019-04-30
Rating Actions History 1 2026-07-06
Secondary-Market Trades 10 BSE 2026-08-13
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 8.97% Mar 2029 NCD?

REC 8.97% Mar 2029 NCD carries a coupon of 8.97%, paid annual, on a face value of ₹1,000,000.

When does REC 8.97% Mar 2029 NCD mature?

REC 8.97% Mar 2029 NCD matures on 2029-03-28, 2.6 years from today.

What is REC 8.97% Mar 2029 NCD rated?

REC 8.97% Mar 2029 NCD is rated AAA by CRISIL. As of 2019-04-30.

Is REC 8.97% Mar 2029 NCD secured?

REC 8.97% Mar 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 8.97% Mar 2029 NCD trade?

REC 8.97% Mar 2029 NCD is listed on BSE.

What yield does REC 8.97% Mar 2029 NCD currently offer?

The last recorded trade on 2026-08-13 priced REC 8.97% Mar 2029 NCD at ₹101.95, implying a yield to maturity of 8.08%.

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