Market closed today (Weekend) · Prices and yields as of last trading day, 28 Aug 2026
R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

Current YTM
7.47%
Market YTM
Coupon Rate
7.45%
Per annum
Maturity Date
31 Aug 2035
9.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.47%
Live, last traded 2026-08-04
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+117 bps
vs 9.0Y G-Sec at 6.31%
Below the median spread for similar-tenor peers
Tenure
9.0 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
18 Jul 2027
Interest Payment
₹7,450.00 / Bond
18 Jul 2028
Interest Payment
₹7,450.00 / Bond
18 Jul 2029
Interest Payment
₹7,450.00 / Bond
18 Jul 2030
Interest Payment
₹7,450.00 / Bond
18 Jul 2031
Interest Payment
₹7,450.00 / Bond
18 Jul 2032
Interest Payment
₹7,450.00 / Bond
18 Jul 2033
Interest Payment
₹7,450.00 / Bond
18 Jul 2034
Interest Payment
₹7,450.00 / Bond
31 Aug 2035
Principal Payment
₹100,000.00 / Bond

Next 8 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 2024-07-18 Matures 2035-08-31

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

Key Metrics
Coupon Rate
7.45%
YTM (Annual)
7.47%
Credit Rating
AAA
(ICRA)
Remaining Tenure
9.0 Years
Advanced metrics
Modified Duration
5.95 Yrs
Macaulay Duration
6.39 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.95 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-04
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 2.55 percentage points below the median for tracked NCD bonds. (based on 18915 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
2024-07-18
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

REC Limited issued this rated, ncd (7.45% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 236-A DATE OF MATURITY 31/08/2035.) carrying a 7.45% 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
2026-08-04 99.7896 7.4750 None
2026-07-15 100.0031 7.4400 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2024-07-05
Rating Actions History 1 2026-07-06
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-04
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 7.45% Aug 2035 NCD?

REC 7.45% Aug 2035 NCD carries a coupon of 7.45%, paid annual, on a face value of ₹100,000.

When does REC 7.45% Aug 2035 NCD mature?

REC 7.45% Aug 2035 NCD matures on 2035-08-31, 9.0 years from today.

What is REC 7.45% Aug 2035 NCD rated?

REC 7.45% Aug 2035 NCD is rated AAA by ICRA. As of 2024-07-05.

Is REC 7.45% Aug 2035 NCD secured?

REC 7.45% Aug 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does REC 7.45% Aug 2035 NCD currently offer?

The last recorded trade on 2026-08-04 priced REC 7.45% Aug 2035 NCD at ₹99.79, implying a yield to maturity of 7.47%.

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Maturity
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