R
AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2036

Current YTM
7.40%
Market YTM
Coupon Rate
7.46%
Per annum
Maturity Date
01 Jul 2036
9.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.40%
Live, last traded 2026-07-14
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+67 bps
vs 9.8Y G-Sec at 6.73%
Below the median spread for similar-tenor peers
Tenure
9.8 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-07-14
Cashflow Timeline
18 Jun 2027
Interest Payment
₹7,460.00 / Bond
18 Jun 2028
Interest Payment
₹7,460.00 / Bond
18 Jun 2029
Interest Payment
₹7,460.00 / Bond
18 Jun 2030
Interest Payment
₹7,460.00 / Bond
18 Jun 2031
Interest Payment
₹7,460.00 / Bond
18 Jun 2032
Interest Payment
₹7,460.00 / Bond
18 Jun 2033
Interest Payment
₹7,460.00 / Bond
18 Jun 2034
Interest Payment
₹7,460.00 / Bond
1 Jul 2036
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 2026-06-18 Matures 2036-07-01

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

Key Metrics
Coupon Rate
7.46%
YTM (Annual)
7.40%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
9.8 Years
Advanced metrics
Modified Duration
6.74 Yrs
Macaulay Duration
7.24 Yrs
Issue Size
₹4,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
6.74 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-14
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 2.54 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Issuer
Instrument Type
NCD
Issue Date
2026-06-18
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.46% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES SERIES 254 DATE OF MATURITY 01/07/2036 is a rated, redeemable ncd issued by REC Limited. The bond offers a fixed coupon of 7.46% 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
2026-07-14 100.3429 7.4000 1
2026-07-10 100.4825 7.3800 None
2026-06-29 103.1000 7.0938 None
2026-06-25 101.5795 7.2971 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2026-06-28
Rating Actions History 1 2026-07-06
Secondary-Market Trades 4 NSE OTC (WAP) 2026-07-14
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 7.46% Jul 2036 NCD?

REC 7.46% Jul 2036 NCD carries a coupon of 7.46%, paid annual, on a face value of ₹100,000.

When does REC 7.46% Jul 2036 NCD mature?

REC 7.46% Jul 2036 NCD matures on 2036-07-01, 9.8 years from today.

What is REC 7.46% Jul 2036 NCD rated?

REC 7.46% Jul 2036 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2026-06-28.

Is REC 7.46% Jul 2036 NCD secured?

REC 7.46% Jul 2036 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does REC 7.46% Jul 2036 NCD currently offer?

The last recorded trade on 2026-07-14 priced REC 7.46% Jul 2036 NCD at ₹100.34, implying a yield to maturity of 7.40%.

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