R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds

Current YTM
7.68%
Market YTM
Coupon Rate
7.98%
Per annum
Maturity Date
Perpetual
No fixed maturity
Interest Payment
Annual
Frequency
Face Value
₹10,000,000
Per Bond
Market Position
YTM (Annual)
7.68%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Tenure
Perpetual
No fixed maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-07 2026-08-20
Cashflow Timeline

Cashflow schedule unavailable

Coupon frequency or rate missing from source data.
Key Metrics
Coupon Rate
7.98%
YTM (Annual)
7.68%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
Perpetual
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹2,000 Cr
Minimum Investment
₹10,000,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.02 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
2023-04-28
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable

Issued by REC Limited, 7.98% UNSECURED RATED LISTED REDEEMABLE PERPETUAL NON CONVERTIBLE BOND SERIES 222 is a rated, ncd paying a 7.98% p.a. coupon annual. The instrument has no fixed maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-20 101.4036 7.6850 None
2026-08-17 101.4300 7.6800 1
2026-08-10 101.4400 7.6800 1
2026-08-07 101.4400 7.6800 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-04-20
Rating Actions History 1 2026-07-06
Secondary-Market Trades 4 NSE OTC (WAP) 2026-08-20
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 7.98% Dec 9999 NCD?

REC 7.98% Dec 9999 NCD carries a coupon of 7.98%, paid annual, on a face value of ₹10,000,000.

When does REC 7.98% Dec 9999 NCD mature?

REC 7.98% Dec 9999 NCD is a perpetual bond (AT1/Tier-I) with no fixed maturity date; the issuer may redeem it on scheduled call dates, subject to regulatory approval.

What is REC 7.98% Dec 9999 NCD rated?

REC 7.98% Dec 9999 NCD is rated AAA by CRISIL. As of 2023-04-20.

Is REC 7.98% Dec 9999 NCD secured?

REC 7.98% Dec 9999 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can REC 7.98% Dec 9999 NCD be called or put back early?

REC 7.98% Dec 9999 NCD is callable -- the issuer may redeem it before maturity on scheduled call dates.

What yield does REC 7.98% Dec 9999 NCD currently offer?

The last recorded trade on 2026-08-20 priced REC 7.98% Dec 9999 NCD at ₹101.40, implying a yield to maturity of 7.68%.

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