Market closed today (Weekend) · Prices and yields as of last trading day, 06 Nov 2026

Happy Diwali from all of us at RetailBonds

R

REC 7.20% Jan 2035 NCD (INE020B08FN5)

CRISIL AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

193 more bonds from REC Limited →

Current YTM

—

No current market yield

Coupon Rate

7.20%

Per annum

Maturity Date

15 Jan 2035

8.2 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

—

No trade in the last 30 days, so the last traded yield is not shown as current. Last trade 29 Sep 2026.

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

8.2 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.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

15 Jan 2027

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2028

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2029

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2030

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2031

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2032

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2033

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2034

Interest Payment

₹7,200.00 / Bond

₹6,480.00 net of 10% TDS (est.)

15 Jan 2035

Final coupon + principal

₹1,07,200.00 / Bond

₹7,200.00 coupon + ₹1,00,000 face value

9 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.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

7.20%

YTM (Annual)

—

Credit Rating

AAA

(CRISIL) · rated 31 Jan 2025, 21 months ago

Over 15 months old; see below

Remaining Tenure

8.2 Years

AAA (CRISIL): Rated 31 Jan 2025 (21 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

5.70 Yrs

Macaulay Duration

6.11 Yrs

Issue Size

₹2,297 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

5.70 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

29 Sep 2026

NSE OTC (WAP)

Trades (30 Days)

0

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
No secondary-market trades recorded in the last 30 days.
Coupon is 3.00 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 7 Nov 2026

Issuer

REC Limited

Instrument Type

NCD

Issue Date

15 Jan 2025

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

REC Limited issued REC 7.20% Jan 2035 NCD, an unsecured, rated NCD. It pays a 7.20% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
31 Jan 2025	CRISIL	AAA	—	Latest	BSE listing
2024	India Ratings	AAA	—	NSDL record, 2024	NSDL debt master

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.

Date	Agency	Action	Rating	Outlook	Rationale
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.

Date	Agency	Action	Rating	Rationale
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 INE020B08FN5: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-09-29	95.7687	7.9000	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL, India Ratings	2025-01-31
Rating Actions History	2	—	2026-10-07
Secondary-Market Trades	1	NSE OTC (WAP)	2026-09-29
Reg52(4) Payment Disclosures	0	—	—

No trade in the last 30 days, so the last traded yield is not shown as current.

Documents

Entity metadata

Source: BSE
Last Updated: 7 Nov 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.

₹95,768.70

YTM—

Trade Date 29 Sep 2026 40d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹5,878.36

Dirty price (est.)₹1,01,647.06

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on REC 7.20% Jan 2035 NCD?

REC 7.20% Jan 2035 NCD carries a coupon of 7.20%, paid annual, on a face value of ₹1,00,000.

When does REC 7.20% Jan 2035 NCD mature?

REC 7.20% Jan 2035 NCD matures on 15 Jan 2035, 8.2 years from today.

What is REC 7.20% Jan 2035 NCD rated?

REC 7.20% Jan 2035 NCD is rated AAA by CRISIL (rating dated 31 Jan 2025).

Is REC 7.20% Jan 2035 NCD secured?

REC 7.20% Jan 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.20% Jan 2035 NCD trade?

REC 7.20% Jan 2035 NCD is listed on BSE.

More Bonds from This Issuer

R

REC 7.52% Nov 2026 NCD

INE020B08AA3

AAA NSDL record, 2016

Coupon

7.52%

Maturity

07 Nov 2026

View Details

R

REC 5.00% Nov 2026 NCD

INE020B07ML7

AAA NSDL record, 2021

Coupon

5.00%

Maturity

30 Nov 2026

View Details

R

REC 7.54% Dec 2026 NCD

INE020B08AC9

AAA NSDL record, 2016

Coupon

7.54%

Maturity

30 Dec 2026

View Details

R

REC 5.00% Dec 2026 NCD

INE020B07MM5

AAA NSDL record, 2021

Coupon

5.00%

Maturity

31 Dec 2026

View Details

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 7.20%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE134E08LA3	Power Finance Corporation Limited	AAA	7.20%	2035-08-10
INE018A08BM2	Larsen and Toubro Limited	AAA	7.20%	2035-01-22
INE084A08235	Bank of India	AA+	7.23%	2035-12-26
INE041007191	Embassy Office Parks REIT	AAA	7.25%	2035-07-24
INE053F08460	Indian Railway Finance Corporation Limited	AAA	7.25%	2035-01-17
INE238A08518	Axis Bank Limited	AAA	7.27%	2035-11-26

← Back to screener