R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
6.60%
Market YTM
Coupon Rate
Per annum
Maturity Date
03 Nov 2034
8.2 Yrs to Maturity
Interest Payment
At Maturity
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
6.60%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+21 bps
vs 8.2Y G-Sec at 6.39%
Below the median spread for similar-tenor peers
Tenure
8.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-24 2026-08-24
Cashflow Timeline

Single payment at maturity

Zero-coupon / bullet bond — principal repaid on 2034-11-03.
Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-07-06 Issued 2024-10-03 Matures 2034-11-03

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

Key Metrics
Coupon Rate
YTM (Annual)
6.60%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.2 Years
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹5,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
At Maturity
Last Trade
2026-08-24
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.
Structured Overview Data as of 8 Aug 2026
Issuer
Instrument Type
NCD
Issue Date
2024-10-03
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

REC Limited issued this rated, ncd (RL-CBDT-ZC-3-11-34-PVT) carrying a 0.00% p.a. coupon, paid at maturity. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-24 59.2114 6.6018 1
2026-08-20 57.6391 6.9500 None
2026-08-07 57.9040 6.8500 None
2026-08-06 57.6811 6.9000 None
2026-08-04 58.3215 6.7500 None
2026-08-03 57.6562 6.8961 None
2026-07-31 57.6073 6.9055 None
2026-07-30 57.6456 6.8984 1
2026-07-29 58.8080 6.6290 None
2026-07-24 57.7100 6.8600 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, INDIA_RATINGS 2024-10-31
Rating Actions History 1 2026-07-06
Secondary-Market Trades 10 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
When does REC ZC Nov 2034 NCD mature?

REC ZC Nov 2034 NCD matures on 2034-11-03, 8.2 years from today.

What is REC ZC Nov 2034 NCD rated?

REC ZC Nov 2034 NCD is rated AAA by CRISIL and AAA by INDIA_RATINGS. As of 2024-10-31.

Is REC ZC Nov 2034 NCD secured?

REC ZC Nov 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC ZC Nov 2034 NCD trade?

REC ZC Nov 2034 NCD is listed on BSE.

What yield does REC ZC Nov 2034 NCD currently offer?

The last recorded trade on 2026-08-24 priced REC ZC Nov 2034 NCD at ₹59.21, implying a yield to maturity of 6.60%.

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