R
AAA / Stable Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

Current YTM
7.32%
Market YTM
Coupon Rate
6.92%
Per annum
Maturity Date
20 Mar 2032
5.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.32%
Live, last traded 2026-07-14
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+45 bps
vs 5.6Y G-Sec at 6.87%
Below the median spread for similar-tenor peers
Tenure
5.6 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
15 Dec 2026
Interest Payment
₹69,200.00 / Bond
15 Dec 2027
Interest Payment
₹69,200.00 / Bond
15 Dec 2028
Interest Payment
₹69,200.00 / Bond
15 Dec 2029
Interest Payment
₹69,200.00 / Bond
15 Dec 2030
Interest Payment
₹69,200.00 / Bond
15 Dec 2031
Interest Payment
₹69,200.00 / Bond
20 Mar 2032
Principal Payment
₹1,000,000.00 / Bond

Next 6 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 2021-12-15 Matures 2032-03-20

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

Key Metrics
Coupon Rate
6.92%
YTM (Annual)
7.32%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
5.6 Years
Advanced metrics
Modified Duration
4.34 Yrs
Macaulay Duration
4.66 Yrs
Issue Size
₹1,380 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
4.34 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-14
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 3.08 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
2021-12-15
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

REC-6.92%-20-3-32-PVT is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 6.92% p.a. with 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
2026-07-14 98.1090 7.3200 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-12-31
Rating Actions History 1 2026-07-06
Secondary-Market Trades 1 NSE OTC (WAP) 2026-07-14
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 6.92% Mar 2032 NCD?

REC 6.92% Mar 2032 NCD carries a coupon of 6.92%, paid annual, on a face value of ₹1,000,000.

When does REC 6.92% Mar 2032 NCD mature?

REC 6.92% Mar 2032 NCD matures on 2032-03-20, 5.6 years from today.

What is REC 6.92% Mar 2032 NCD rated?

REC 6.92% Mar 2032 NCD is rated AAA by CRISIL. As of 2021-12-31.

Is REC 6.92% Mar 2032 NCD secured?

REC 6.92% Mar 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 6.92% Mar 2032 NCD trade?

REC 6.92% Mar 2032 NCD is listed on BSE.

What yield does REC 6.92% Mar 2032 NCD currently offer?

The last recorded trade on 2026-07-14 priced REC 6.92% Mar 2032 NCD at ₹98.11, implying a yield to maturity of 7.32%.

More Bonds from This Issuer
R
REC 7.70% Aug 2026 NCD
AAA
Coupon
7.70%
Maturity
31 Aug 2026
5
REC 5.00% Aug 2026 NCD
AAA
Coupon
5.00%
Maturity
31 Aug 2026
R
REC 7.77% Sep 2026 NCD
AAA
Coupon
7.77%
Maturity
30 Sep 2026
5
REC 5.00% Sep 2026 NCD
AAA
Coupon
5.00%
Maturity
30 Sep 2026
Compare (/) Compare Bonds

← Back to screener