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REC 7.65% Nov 2037 NCD (INE020B08DZ4)

CRISIL AAA / Stable Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2037

193 more bonds from REC Limited →
Current YTM
—
No market YTM available
Coupon Rate
7.65%
Per annum
Maturity Date
30 Nov 2037
11.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹10,00,000
Per Bond

Market Position

YTM (Annual)
—
No trade with a usable price on record
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
11.1 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.

Showing last 10 trades.

Cashflow Timeline

25 Nov 2026
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2027
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2028
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2029
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2030
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2031
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2032
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
25 Nov 2033
Interest Payment
₹76,500.00 / Bond
₹68,850.00 net of 10% TDS (est.)
…
+4 more coupons until 25 Nov 2037
₹76,500.00 each / Bond
30 Nov 2037
Final coupon (part period) + principal
₹10,01,047.95 / Bond
₹1,047.95 coupon + ₹10,00,000 face value

13 coupons remaining, the last paid with principal at maturity · per ₹10,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 25 Nov 2022 Matures 30 Nov 2037

Key Metrics

Coupon Rate
7.65%
YTM (Annual)
—
Credit Rating
AAA
(CRISIL) · rated 30 Nov 2022, 3 years ago
Over 15 months old; see below
Remaining Tenure
11.1 Years

AAA (CRISIL): Rated 30 Nov 2022 (3 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics
Modified Duration
6.80 Yrs
Macaulay Duration
7.32 Yrs
Issue Size
₹3,889 Cr
Minimum Investment
₹10,00,000
1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
6.80 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
—
No recorded trades
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 2.55 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Issuer
Instrument Type
NCD
Issue Date
25 Nov 2022
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

REC Limited issued REC 7.65% Nov 2037 NCD, an unsecured, rated NCD. It pays a 7.65% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

2 actions

Agency actions on REC Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-10-07 CRISIL Reaffirm — — View →
2026-07-06 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on REC Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-10-07 CRISIL Reaffirm — View →
2026-07-06 CRISIL Update — View →
Alert me about REC Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2022-11-30
Rating Actions History 2 — 2026-10-07
Secondary-Market Trades 0 — —
Reg52(4) Payment Disclosures 0 — —
  • No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata
Source
BSE
Last Updated
7 Nov 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.

Current Price (Clean)
—

No recent trade data available

View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE020B08DZ4
Issue Date
25 Nov 2022
Maturity Date
30 Nov 2037
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on REC 7.65% Nov 2037 NCD?

REC 7.65% Nov 2037 NCD carries a coupon of 7.65%, paid annual, on a face value of ₹10,00,000.

When does REC 7.65% Nov 2037 NCD mature?

REC 7.65% Nov 2037 NCD matures on 30 Nov 2037, 11.1 years from today.

What is REC 7.65% Nov 2037 NCD rated?

REC 7.65% Nov 2037 NCD is rated AAA by CRISIL (rating dated 30 Nov 2022).

Is REC 7.65% Nov 2037 NCD secured?

REC 7.65% Nov 2037 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.65% Nov 2037 NCD trade?

REC 7.65% Nov 2037 NCD is listed on BSE.

More Bonds from This Issuer

R
REC 7.52% Nov 2026 NCD
INE020B08AA3
AAA NSDL record, 2016
Coupon
7.52%
Maturity
07 Nov 2026
R
REC 5.00% Nov 2026 NCD
INE020B07ML7
AAA NSDL record, 2021
Coupon
5.00%
Maturity
30 Nov 2026
R
REC 7.54% Dec 2026 NCD
INE020B08AC9
AAA NSDL record, 2016
Coupon
7.54%
Maturity
30 Dec 2026
R
REC 5.00% Dec 2026 NCD
INE020B07MM5
AAA NSDL record, 2021
Coupon
5.00%
Maturity
31 Dec 2026
Compare (/) Compare Bonds

Comparable NCDs maturing near 2037

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.65%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE134E08LV9Power Finance Corporation LimitedAAA7.65%2037-11-13
INE261F08DY8National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20237.70%2038-02-17
INE134E08LY3Power Finance Corporation LimitedAAA7.72%2037-12-19
INE062A08389State Bank of IndiaAAA7.54%2038-08-01
INE134E08MB9Power Finance Corporation LimitedAAA7.82%2038-03-06
INE906B07IY8National Highways Authority of IndiaAAA7.26%2038-08-10

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