R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.45%
Market YTM
Coupon Rate
7.46%
Per annum
Maturity Date
30 Jun 2028
1.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.45%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+220 bps
vs 1.8Y G-Sec at 5.25%
Below the median spread for similar-tenor peers
Tenure
1.8 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-24 2026-08-26
Cashflow Timeline
13 Jun 2027
Interest Payment
₹7,460.00 / Bond
13 Jun 2028
Interest Payment
₹7,460.00 / Bond
30 Jun 2028
Principal Payment
₹100,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-07-06 Issued 2023-06-13 Matures 2028-06-30

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

Key Metrics
Coupon Rate
7.46%
YTM (Annual)
7.45%
Credit Rating
AAA
(ICRA)
Remaining Tenure
1.8 Years
Advanced metrics
Modified Duration
1.64 Yrs
Macaulay Duration
1.77 Yrs
Issue Size
₹2,994 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.64 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
9
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 9 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.54 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
2023-06-13
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

7.46%-RL-30-6-28-PVT is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 7.46% 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
2026-08-26 99.9626 7.4468 None
2026-08-25 99.9626 7.4468 None
2026-08-20 100.1006 7.3227 None
2026-08-18 100.2206 7.3013 None
2026-08-17 100.2385 7.2900 None
2026-08-13 100.3789 7.2100 None
2026-08-06 100.5769 7.1600 None
2026-07-31 100.6800 7.0500 1
2026-07-30 100.2383 7.3000 None
2026-07-24 100.1997 7.3250 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, ICRA 2023-06-30
Rating Actions History 1 2026-07-06
Secondary-Market Trades 10 NSE OTC (WAP) 2026-08-26
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 7.46% Jun 2028 NCD?

REC 7.46% Jun 2028 NCD carries a coupon of 7.46%, paid annual, on a face value of ₹100,000.

When does REC 7.46% Jun 2028 NCD mature?

REC 7.46% Jun 2028 NCD matures on 2028-06-30, 1.8 years from today.

What is REC 7.46% Jun 2028 NCD rated?

REC 7.46% Jun 2028 NCD is rated AAA by ICRA and AAA by CARE. As of 2023-06-05.

Is REC 7.46% Jun 2028 NCD secured?

REC 7.46% Jun 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.46% Jun 2028 NCD trade?

REC 7.46% Jun 2028 NCD is listed on BSE.

What yield does REC 7.46% Jun 2028 NCD currently offer?

The last recorded trade on 2026-08-26 priced REC 7.46% Jun 2028 NCD at ₹99.96, implying a yield to maturity of 7.45%.

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