Security Name: 7.09% Rural Electrification Corporation Limited (Tax Free) 05 Nov 2030
ISIN:
INE020B07JR0
Tax Free
Tax Category
05 Nov, 2030
Maturity Date
(5 Yr 10 Mo 4 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
05 Nov, 2015
Allotment Date
NA
Put Date
01 Dec, 2025
Next Interest Payment Date
13 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.09%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Rural Electrification Corporation Limited
REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).REC was incorporated in 1969 in the backdrop of severe drought and famine in the country, to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons.
The ratio in FY24 is 9.18x and it was 9.97x in FY23. It indicates that the debt level is decreasing due to increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.59x and it was 1.58x in FY23, indicating almost no changes in the debt servicing ability of the issuer due to increase in profit.
Interest coverage ratio
Recent News
Rural Electrification Corporation avails green loan of USD 200 mn from Deutsche Bank
Jul 11, 2024 | Rural Electrification Corporation Limited
Maharatna PSU infra firm REC's profit spikes as lender recovers unpaid dues
Apr 20, 2024 | Rural Electrification Corporation Limited
REC Seeks Bids For Deep Discounted Bond Issue On Sept. 30
Sep 30, 2024 | Rural Electrification Corporation Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE020B07JR0 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 7.09% Rural Electrification Corporation Limited (Tax Free) 05 Nov 2030 |
| Credit Rating |
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| AAA Stable by CARE AAA Stable by ICRA AAA Stable by IND AAA Stable by CRISIL |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,000 |
| Coupon |
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| 7.090000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 05/11/2030 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
