REC 7.28% Aug 2029 NCD (INE020B08GI3)

CRISIL AAA Unsecured NCD

REC Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

193 more bonds from REC Limited →

Current YTM

7.87%

Market YTM

Coupon Rate

7.28%

Per annum

Maturity Date

31 Aug 2029

2.8 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

7.87%

Last traded 5 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+83 bps

vs 2.8Y G-Sec at 7.04%

Below the median spread for similar-tenor peers

Tenure

2.8 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

8 Oct 20265 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

11 Aug 2027

Interest Payment

₹7,280.00 / Bond

₹6,552.00 net of 10% TDS (est.)

11 Aug 2028

Interest Payment

₹7,280.00 / Bond

₹6,552.00 net of 10% TDS (est.)

11 Aug 2029

Interest Payment

₹7,280.00 / Bond

₹6,552.00 net of 10% TDS (est.)

31 Aug 2029

Final coupon (part period) + principal

₹1,00,398.90 / Bond

₹398.90 coupon + ₹1,00,000 face value

4 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

7.28%

YTM (Annual)

7.87%

Credit Rating

AAA

(CRISIL) · rated 31 Aug 2026, 69 days ago

Remaining Tenure

2.8 Years

Advanced metrics

Modified Duration

2.42 Yrs

Macaulay Duration

2.61 Yrs

Issue Size

₹3,000 Cr

Minimum Investment

₹1,00,000

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

Market Characteristics

Modified Duration

2.42 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

5 Nov 2026

NSE OTC (WAP)

Trades (30 Days)

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 2.92 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

11 Aug 2026

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

REC Limited issued REC 7.28% Aug 2029 NCD, an unsecured, rated NCD. It pays a 7.28% 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 INE020B08GI3: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-05	98.2815	7.8744	—
2026-11-03	97.6282	8.2200	—
2026-10-22	97.8394	8.1250	—
2026-10-19	98.0272	8.0475	—
2026-10-15	98.1617	7.9900	—
2026-10-08	98.4159	7.8850	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2026-08-31
Rating Actions History	2	—	2026-10-07
Secondary-Market Trades	6	NSE OTC (WAP)	2026-11-05
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: NSDL debt master
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.

₹98,281.50

YTM7.87%

Trade Date 5 Nov 2026 3d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹1,396.16

Dirty price (est.)₹99,677.66

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on REC 7.28% Aug 2029 NCD?

REC 7.28% Aug 2029 NCD carries a coupon of 7.28%, paid annual, on a face value of ₹1,00,000.

When does REC 7.28% Aug 2029 NCD mature?

REC 7.28% Aug 2029 NCD matures on 31 Aug 2029, 2.8 years from today.

What is REC 7.28% Aug 2029 NCD rated?

REC 7.28% Aug 2029 NCD is rated AAA by CRISIL (rating dated 31 Aug 2026).

Is REC 7.28% Aug 2029 NCD secured?

REC 7.28% Aug 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does REC 7.28% Aug 2029 NCD trade?

REC 7.28% Aug 2029 NCD is listed on BSE.

What yield does REC 7.28% Aug 2029 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced REC 7.28% Aug 2029 NCD at ₹98,281.50 per bond, implying a yield to maturity of 7.87%.

More Bonds from This Issuer

REC 7.52% Nov 2026 NCD

INE020B08AA3

AAA NSDL record, 2016

Coupon

7.52%

Maturity

07 Nov 2026

View Details

REC 5.00% Nov 2026 NCD

INE020B07ML7

AAA NSDL record, 2021

Coupon

5.00%

Maturity

30 Nov 2026

View Details

REC 7.54% Dec 2026 NCD

INE020B08AC9

AAA NSDL record, 2016

Coupon

7.54%

Maturity

30 Dec 2026

View Details

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 2029

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 7.28%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE916DA7TE6	Kotak Mahindra Prime Limited	AAA	7.29%	2028-10-24
INE556F08LG1	Small Industries Development Bank of India	—	7.29%	2029-11-09
INE674K07069	Aditya Birla Capital Limited	AAA	7.30%	2028-09-15
INE916DA7TD8	Kotak Mahindra Prime Limited	AAA	7.30%	2028-09-22
INE494B08044	TVS Motor Company Limited	—	7.30%	2029-07-17
INE18UV07012	Bajaj Auto Credit Limited	AAA NSDL record, 2025	7.25%	2028-11-27

← Back to screener