R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2037

Current YTM
7.41%
Market YTM
Coupon Rate
7.67%
Per annum
Maturity Date
30 Nov 2037
11.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.41%
Live, last traded 2026-07-10
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+81 bps
vs 11.3Y G-Sec at 6.60%
Below the median spread for similar-tenor peers
Tenure
11.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-02 2026-07-10
Cashflow Timeline
2 Dec 2026
Interest Payment
₹76,700.00 / Bond
2 Dec 2027
Interest Payment
₹76,700.00 / Bond
2 Dec 2028
Interest Payment
₹76,700.00 / Bond
2 Dec 2029
Interest Payment
₹76,700.00 / Bond
2 Dec 2030
Interest Payment
₹76,700.00 / Bond
2 Dec 2031
Interest Payment
₹76,700.00 / Bond
2 Dec 2032
Interest Payment
₹76,700.00 / Bond
2 Dec 2033
Interest Payment
₹76,700.00 / Bond
30 Nov 2037
Principal Payment
₹1,000,000.00 / Bond

Next 8 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 2022-12-02 Matures 2037-11-30

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

Key Metrics
Coupon Rate
7.67%
YTM (Annual)
7.41%
Credit Rating
AAA
(INDIA_RATINGS)
Remaining Tenure
11.3 Years
Advanced metrics
Modified Duration
7.03 Yrs
Macaulay Duration
7.55 Yrs
Issue Size
₹2,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
7.03 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-10
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 2.33 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
2022-12-02
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

REC Limited issued this rated, ncd (7.67% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURE. SERIES 216B. DATE OF MATURITY 30/11/2037.) carrying a 7.67% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-10 101.8500 7.4100 None
2026-07-03 101.8487 7.4100 None
2026-07-02 100.1500 7.6350 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2022-11-16
Rating Actions History 1 2026-07-06
Secondary-Market Trades 3 NSE OTC (WAP) 2026-07-10
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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 7.67% Nov 2037 NCD?

REC 7.67% Nov 2037 NCD carries a coupon of 7.67%, paid annual, on a face value of ₹1,000,000.

When does REC 7.67% Nov 2037 NCD mature?

REC 7.67% Nov 2037 NCD matures on 2037-11-30, 11.3 years from today.

What is REC 7.67% Nov 2037 NCD rated?

REC 7.67% Nov 2037 NCD is rated AAA by INDIA_RATINGS. As of 2022-11-16.

Is REC 7.67% Nov 2037 NCD secured?

REC 7.67% Nov 2037 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does REC 7.67% Nov 2037 NCD currently offer?

The last recorded trade on 2026-07-10 priced REC 7.67% Nov 2037 NCD at ₹101.85, implying a yield to maturity of 7.41%.

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