R
AAA / Stable Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds

Current YTM
7.73%
Market YTM
Coupon Rate
7.97%
Per annum
Maturity Date
Perpetual
No fixed maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.73%
Live, last traded 2026-08-21
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Tenure
Perpetual
No fixed maturity
Price vs Yield
— Price (Clean)
2026-06-24 2026-08-21
Cashflow Timeline

Cashflow schedule unavailable

Coupon frequency or rate missing from source data.
Key Metrics
Coupon Rate
7.97%
YTM (Annual)
7.73%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
Perpetual
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹558 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-21
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 2.03 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Issuer
Instrument Type
NCD
Issue Date
2021-01-22
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

RECL-7.97%-PERPETUAL-PVT is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 7.97% p.a. with annual interest payments and has no fixed maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-21 101.1000 7.7300 3
2026-08-14 100.9500 7.6900 None
2026-08-12 100.9300 7.6800 2
2026-07-15 101.2500 7.6100 None
2026-06-25 99.6800 1
2026-06-24 99.6800 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-01-31
Rating Actions History 1 2026-07-06
Secondary-Market Trades 6 BSE 2026-08-21
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 7.97% Jan 2099 NCD?

REC 7.97% Jan 2099 NCD carries a coupon of 7.97%, paid annual, on a face value of ₹1,000,000.

When does REC 7.97% Jan 2099 NCD mature?

REC 7.97% Jan 2099 NCD is a perpetual bond (AT1/Tier-I) with no fixed maturity date.

What is REC 7.97% Jan 2099 NCD rated?

REC 7.97% Jan 2099 NCD is rated AAA by CRISIL. As of 2021-01-31.

Is REC 7.97% Jan 2099 NCD secured?

REC 7.97% Jan 2099 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.97% Jan 2099 NCD trade?

REC 7.97% Jan 2099 NCD is listed on BSE.

What yield does REC 7.97% Jan 2099 NCD currently offer?

The last recorded trade on 2026-08-21 priced REC 7.97% Jan 2099 NCD at ₹101.10, implying a yield to maturity of 7.73%.

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