R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2033

Current YTM
7.59%
Market YTM
Coupon Rate
7.71%
Per annum
Maturity Date
31 Oct 2033
7.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.59%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+97 bps
vs 7.2Y G-Sec at 6.61%
Below the median spread for similar-tenor peers
Tenure
7.2 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.
Cashflow Timeline
9 Nov 2026
Interest Payment
₹7,710.00 / Bond
9 Nov 2027
Interest Payment
₹7,710.00 / Bond
9 Nov 2028
Interest Payment
₹7,710.00 / Bond
9 Nov 2029
Interest Payment
₹7,710.00 / Bond
9 Nov 2030
Interest Payment
₹7,710.00 / Bond
9 Nov 2031
Interest Payment
₹7,710.00 / Bond
9 Nov 2032
Interest Payment
₹7,710.00 / Bond
31 Oct 2033
Principal Payment
₹100,000.00 / Bond

Next 7 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 2023-11-09 Matures 2033-10-31

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

Key Metrics
Coupon Rate
7.71%
YTM (Annual)
7.59%
Credit Rating
AAA
(ICRA)
Remaining Tenure
7.2 Years
Advanced metrics
Modified Duration
5.05 Yrs
Macaulay Duration
5.44 Yrs
Issue Size
₹2,819 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.05 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-24
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.29 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
2023-11-09
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

RL-7.71%-31-10-33-PVT is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 7.71% 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
2026-08-24 100.6256 7.5883 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 ICRA, INDIA_RATINGS 2023-11-30
Rating Actions History 1 2026-07-06
Secondary-Market Trades 1 NSE OTC (WAP) 2026-08-24
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 7.71% Oct 2033 NCD?

REC 7.71% Oct 2033 NCD carries a coupon of 7.71%, paid annual, on a face value of ₹100,000.

When does REC 7.71% Oct 2033 NCD mature?

REC 7.71% Oct 2033 NCD matures on 2033-10-31, 7.2 years from today.

What is REC 7.71% Oct 2033 NCD rated?

REC 7.71% Oct 2033 NCD is rated AAA by ICRA and AAA by INDIA_RATINGS. As of 2023-10-10.

Is REC 7.71% Oct 2033 NCD secured?

REC 7.71% Oct 2033 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.71% Oct 2033 NCD trade?

REC 7.71% Oct 2033 NCD is listed on BSE.

What yield does REC 7.71% Oct 2033 NCD currently offer?

The last recorded trade on 2026-08-24 priced REC 7.71% Oct 2033 NCD at ₹100.63, implying a yield to maturity of 7.59%.

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Maturity
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