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7.02%REC Limited 31 Jan 2036

ISIN:
INE020B08DM2
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Taxable

Tax Category

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31 Jan, 2036

Maturity Date
(11 Yr 6 Mo 10 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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28 Jan, 2021

Allotment Date

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NA

Put Date

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31 Jan, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
AAA Stable
ICRA
AAA Stable
IND
AAA Stable
CRISIL
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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REC Limited

REC Limited, incorporated in 1969, is a NBFC with infrastructure finance company status. REC’s main objective is to finance and promote power sector projects across the country. While the initial mandate was to finance village electrification, pump-set energizing and transmission and distribution projects. While its corporate office is in New Delhi, the company has 18 project offices and three sub-offices, located in most states in the country.

The ratio in FY23 is 9.97x and it was 9.46x in FY22. It indicates that the company’s finance cost is increasing more with respect to its earnings

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Debt/EBITDA

The ratio in FY23 is  1.58x and it was 1.56 x in FY22, indicating  increased debt servicing ability of the issuer due to increase in profit compared to previous year.

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Interest coverage ratio

Recent News
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REC’s proposed fund borrowings will be raised for different maturities

Jun 01, 2023 | REC Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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