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Security Name: 7.55% REC Limited 31 Mar 2028

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ISIN:
INE020B08EA5
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Taxable

Tax Category

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31 Mar, 2028

Maturity Date
(3 Yr 3 Mo 6 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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02 Dec, 2022

Allotment Date

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NA

Put Date

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31 Mar, 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

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7.55%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
AAA Stable
ICRA
AAA Stable
IND
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 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.

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Debt/EBITDA

The ratio in FY24 is 1.59x and it was 1.58 x in FY23, indicating almost no change in debt servicing ability of the issuer due to increase in profit.

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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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Sunsure Energy and REC limited ink Rs 10,000 crore deal to power India’s renewable energy future

Oct 18, 2024 | 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!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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.
E-Book
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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BOND VALUE DETAILS

Face Value
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Total Investment
Cashflow for INE020B08EA5
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).
Security Name
7.55% REC Limited 31 Mar 2028
Credit Rating
AAA Stable by CARE
AAA Stable by ICRA
AAA Stable by IND
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
7.550000%
YTM or YTC
YTM
Maturity Date
31/03/2028
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

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.

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