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REC 7.17% Jul 2031 NCD (INE020B08GF9)

CRISIL AAA / Stable Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

193 more bonds from REC Limited →

Current YTM

8.21%

Market YTM

Coupon Rate

7.17%

Per annum

Maturity Date

01 Jul 2031

4.6 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

8.21%

Last traded 23 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+105 bps

vs 4.6Y G-Sec at 7.16%

Below the median spread for similar-tenor peers

Tenure

4.6 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

29 Sep 202623 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

30 Jun 2027

Interest Payment

₹7,170.00 / Bond

₹6,453.00 net of 10% TDS (est.)

30 Jun 2028

Interest Payment

₹7,170.00 / Bond

₹6,453.00 net of 10% TDS (est.)

30 Jun 2029

Interest Payment

₹7,170.00 / Bond

₹6,453.00 net of 10% TDS (est.)

30 Jun 2030

Interest Payment

₹7,170.00 / Bond

₹6,453.00 net of 10% TDS (est.)

30 Jun 2031

Interest Payment

₹7,170.00 / Bond

₹6,453.00 net of 10% TDS (est.)

1 Jul 2031

Final coupon (part period) + principal

₹1,00,019.59 / Bond

₹19.59 coupon + ₹1,00,000 face value

6 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

7.17%

YTM (Annual)

8.21%

Credit Rating

AAA

(CRISIL) · rated 31 Jul 2026, 3 months ago

Remaining Tenure

4.6 Years

Advanced metrics

Modified Duration

3.70 Yrs

Macaulay Duration

4.00 Yrs

Issue Size

₹2,845 Cr

Minimum Investment

₹1,00,000

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

Market Characteristics

Modified Duration

3.70 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

23 Oct 2026

NSE OTC (WAP)

Trades (30 Days)

6

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
6 secondary-market trades recorded in the last 30 days.
Coupon is 3.03 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 8 Nov 2026

Issuer

REC Limited

Instrument Type

NCD

Issue Date

30 Jun 2026

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

REC Limited issued REC 7.17% Jul 2031 NCD, an unsecured, rated NCD. It pays a 7.17% 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.

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 INE020B08GF9: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-23	96.0070	8.2100	—
2026-10-15	96.3980	8.1000	—
2026-10-14	96.9393	8.0247	—
2026-10-13	96.9709	8.0126	—
2026-10-12	96.4675	8.0800	—
2026-10-08	97.1740	7.8950	—
2026-09-29	97.7680	7.7328	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2026-07-31
Rating Actions History	2	—	2026-10-07
Secondary-Market Trades	7	NSE OTC (WAP)	2026-10-23
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: NSDL debt master
Last Updated: 8 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.

₹96,007.00

YTM8.21%

Trade Date 23 Oct 2026 16d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹2,573.34

Dirty price (est.)₹98,580.34

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on REC 7.17% Jul 2031 NCD?

REC 7.17% Jul 2031 NCD carries a coupon of 7.17%, paid annual, on a face value of ₹1,00,000.

When does REC 7.17% Jul 2031 NCD mature?

REC 7.17% Jul 2031 NCD matures on 1 Jul 2031, 4.6 years from today.

What is REC 7.17% Jul 2031 NCD rated?

REC 7.17% Jul 2031 NCD is rated AAA by CRISIL (rating dated 31 Jul 2026).

Is REC 7.17% Jul 2031 NCD secured?

REC 7.17% Jul 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.17% Jul 2031 NCD trade?

REC 7.17% Jul 2031 NCD is listed on BSE.

What yield does REC 7.17% Jul 2031 NCD currently offer?

The last recorded trade on 23 Oct 2026 priced REC 7.17% Jul 2031 NCD at ₹96,007.00 per bond, implying a yield to maturity of 8.21%.

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

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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 2031

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 7.17%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE557F08GB0	National Housing Bank	AAA NSDL record, 2024	7.20%	2031-10-03
INE115A07PP1	LIC Housing Finance Limited	AAA NSDL record, 2021	7.13%	2031-11-28
INE539K07189	Credila Financial Services Limited	AAA	7.23%	2031-08-01
INE134E08NZ6	Power Finance Corporation Limited	AAA	7.24%	2031-02-17
INE306N07MN1	Tata Capital Limited	AAA NSDL record, 2021	7.10%	2031-09-29
INE040A08831	HDFC Bank Limited	AAA NSDL record, 2023	7.10%	2031-11-12

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