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REC 7.98% Perpetual NCD (INE020B08EJ6)

CRISIL AAA · NSDL record, 2023 Unsecured NCD

REC Limited

Unsecured, Taxable, Redeemable NCD

193 more bonds from REC Limited →
Current YTM
8.08%
Market YTM
Coupon Rate
7.98%
Per annum
Maturity Date
Perpetual
No fixed maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,00,000
Per Bond

Market Position

YTM (Annual)
8.08%
Last traded 8 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
Perpetual
No fixed maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
7 Aug 20268 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

Cashflow schedule unavailable

Coupon frequency or rate missing from source data.

Key Metrics

Coupon Rate
7.98%
YTM (Annual)
8.08%
Credit Rating
AAA
Rating on NSDL record (CRISIL, 2023)
Not a current agency rating; see below
Remaining Tenure
Perpetual

AAA (CRISIL): Rating on NSDL record (CRISIL, 2023), dated 20 Apr 2023. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date.

Advanced metrics
Modified Duration
—
Macaulay Duration
—
Issue Size
₹2,000 Cr
Face Value
₹1,00,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
—
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
8 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
Callable

Observations

  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.

Structured Overview

Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
28 Apr 2023
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
Callable

Issued by REC Limited, REC 7.98% Perpetual NCD is an unsecured NCD. It pays a 7.98% p.a. coupon, annually. It has no fixed maturity date.

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.

Recent Market Prices

Recent BSE trades for INE020B08EJ6: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-08 99.4000 8.0789 —
2026-10-07 99.3743 8.0841 —
2026-08-20 101.4036 7.6850 —
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 (NSDL record) 2023-04-20
Rating Actions History 2 — 2026-10-07
Secondary-Market Trades 6 NSE OTC (WAP) 2026-10-08
Reg52(4) Payment Disclosures 0 — —
  • No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹99,40,000.00
YTM8.08%
Trade Date 8 Oct 2026 31d ago
SourceNSE OTC (WAP)
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE020B08EJ6
Issue Date
28 Apr 2023
Maturity Date
Perpetual — no fixed maturity
Listing
—
Payment Frequency
Annual
Put / Call Option
Call
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on REC 7.98% Perpetual NCD?

REC 7.98% Perpetual NCD carries a coupon of 7.98%, paid annual, on a face value of ₹1,00,00,000.

When does REC 7.98% Perpetual NCD mature?

REC 7.98% Perpetual 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% Perpetual NCD rated?

No current rating from an agency or exchange is on file for REC 7.98% Perpetual NCD. NSDL's debt master records a rating of AAA by CRISIL, dated 20 Apr 2023, often from the time of issue, so it may be out of date.

Is REC 7.98% Perpetual NCD secured?

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

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

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

What yield does REC 7.98% Perpetual NCD currently offer?

The last recorded trade on 8 Oct 2026 priced REC 7.98% Perpetual NCD at ₹99,40,000.00 per bond, implying a yield to maturity of 8.08%.

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