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REC 7.45% Aug 2035 NCD (INE020B08FG9)

ICRA AAA · NSDL record, 2024 Unsecured NCD

REC Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2035

193 more bonds from REC Limited →
Current YTM
8.07%
Market YTM
Coupon Rate
7.45%
Per annum
Maturity Date
31 Aug 2035
8.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Market Position

YTM (Annual)
8.07%
Last traded 15 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+76 bps
vs 8.8Y G-Sec at 7.31%
Below the median spread for similar-tenor peers
Tenure
8.8 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
15 Jul 202615 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

18 Jul 2027
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2028
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2029
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2030
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2031
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2032
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2033
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
18 Jul 2034
Interest Payment
₹7,450.00 / Bond
₹6,705.00 net of 10% TDS (est.)
…
+1 more coupon until 18 Jul 2035
₹7,450.00 each / Bond
31 Aug 2035
Final coupon (part period) + principal
₹1,00,895.63 / Bond
₹895.63 coupon + ₹1,00,000 face value

10 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Payment Disclosures (SEBI Reg52(4))

1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-31 Interest ₹2,23,50,00,000.00 ₹2,23,50,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

Bond Timeline

— Issue / Maturity | Coupon (projected) ◆ Reg52(4) disclosed ┊ Today
Today Interest paid (SEBI Reg52(4) disclosure) — due 31 Aug 2026 Issued 18 Jul 2024 Matures 31 Aug 2035

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics

Coupon Rate
7.45%
YTM (Annual)
8.07%
Credit Rating
AAA
Rating on NSDL record (ICRA, 2024)
Not a current agency rating; see below
Remaining Tenure
8.8 Years

AAA (ICRA): Rating on NSDL record (ICRA, 2024), dated 5 Jul 2024. 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
6.13 Yrs
Macaulay Duration
6.63 Yrs
Issue Size
₹3,000 Cr
Face Value
₹1,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
6.13 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
15 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.75 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
18 Jul 2024
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

REC Limited issued REC 7.45% Aug 2035 NCD, an unsecured NCD. It pays a 7.45% p.a. coupon, annually. Principal is repaid at maturity.

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 INE020B08FG9: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-15 96.1108 8.0700 —
2026-10-12 97.7500 7.8006 —
2026-10-09 97.5081 7.8400 —
2026-08-04 99.7896 7.4750 —
2026-07-15 100.0031 7.4400 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA (NSDL record) 2024-07-05
Rating Actions History 2 — 2026-10-07
Secondary-Market Trades 5 NSE OTC (WAP) 2026-10-15
Reg52(4) Payment Disclosures 1 NSE 2026-08-31
  • 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)
₹96,110.80
YTM8.07%
Trade Date 15 Oct 2026 24d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹1,428.77
Dirty price (est.)₹97,539.57
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE020B08FG9
Issue Date
18 Jul 2024
Maturity Date
31 Aug 2035
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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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 ₹1,00,000.

When does REC 7.45% Aug 2035 NCD mature?

REC 7.45% Aug 2035 NCD matures on 31 Aug 2035, 8.8 years from today.

What is REC 7.45% Aug 2035 NCD rated?

No current rating from an agency or exchange is on file for REC 7.45% Aug 2035 NCD. NSDL's debt master records a rating of AAA by ICRA, dated 5 Jul 2024, often from the time of issue, so it may be out of date.

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 15 Oct 2026 priced REC 7.45% Aug 2035 NCD at ₹96,110.80 per bond, implying a yield to maturity of 8.07%.

More Bonds from This Issuer

R
REC 7.52% Nov 2026 NCD
INE020B08AA3
AAA NSDL record, 2016
Coupon
7.52%
Maturity
07 Nov 2026
R
REC 5.00% Nov 2026 NCD
INE020B07ML7
AAA NSDL record, 2021
Coupon
5.00%
Maturity
30 Nov 2026
R
REC 7.54% Dec 2026 NCD
INE020B08AC9
AAA NSDL record, 2016
Coupon
7.54%
Maturity
30 Dec 2026
R
REC 5.00% Dec 2026 NCD
INE020B07MM5
AAA NSDL record, 2021
Coupon
5.00%
Maturity
31 Dec 2026
Compare (/) Compare Bonds

Comparable NCDs maturing near 2035

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.45%. For comparison only, not a recommendation.

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INE238A08500Axis Bank LimitedAAA7.45%2034-09-05
INE936D07190Jamnagar Utilities & Power Private LimitedAAA7.43%2034-10-24
INE377Y07540Bajaj Housing Finance LimitedAAA7.50%2035-04-09
INE134E08NN2Power Finance Corporation LimitedAAA7.40%2035-01-15
INE261F08BR6National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20197.50%2034-11-17
INE296A07TH8Bajaj Finance LimitedAAA7.55%2035-04-03

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