Security Name: 7.79% REC Limited (P) Call : 31 Jan 2031
ISIN:
INE020B08DL4
Taxable
Tax Category
31 Jan, 2031
Call Date
(5 Yr 11 Mo 5 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
22 Jan, 2021
Allotment Date
NA
Put Date
31 Jan, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.97%
Coupon
Fixed Interest
Coupon Basis
7.7995%
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
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.
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.
Interest coverage ratio
Recent News
REC’s proposed fund borrowings will be raised for different maturities
Jun 01, 2023 | REC Limited
Sunsure Energy and REC limited ink Rs 10,000 crore deal to power India’s renewable energy future
Oct 18, 2024 | REC Limited
Related Videos
Tax-Free Bonds
Tax Planning 2.0: Elevating Your Investment Game with Tax-Free Bonds
Principal Repayment Schedule
Understanding the Payback: The Essentials of Principal Repayment
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTC)
Principal Amount
Accrued Interest from
Select the number of units below
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE020B08DL4 |
|---|
| 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 |
|---|
| 7.79% REC Limited (P) Call : 31 Jan 2031 |
| Credit Rating |
|---|
| AAA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 7.970000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 31/01/2031 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹10,21,862 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,21,863 |
| Price |
|---|
| ₹102.1862 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
similar bonds
8.20% IndiGrid Infrastructure Trust 06 May 2031
06 May, 2031
Maturity Date
₹3,00,000
Minimum Qty
INE219X07264
ISIN
Yearly
IP Frequency
7.8461%
Yield
₹101.6191
Price
7.74% State Bank Of India (P) Call : 09 Sep 2025
09 Sep, 2025
Call Date
₹10,00,000
Minimum Qty
INE062A08249
ISIN
Yearly
IP Frequency
7.1509%
Yield
₹100.1787
Price
8.75% THDC India Limited 06 Sep 2029
06 Sep, 2029
Maturity Date
₹10,00,000
Minimum Qty
INE812V07021
ISIN
Yearly
IP Frequency
7.4503%
Yield
₹104.761
Price
9.15% Yes Bank Limited 30 Jun 2025
30 Jun, 2025
Maturity Date
₹10,00,000
Minimum Qty
INE528G08287
ISIN
Yearly
IP Frequency
8.2999%
Yield
₹100.124
Price
9.25% SK Finance Limited 09 May 2027
25 Apr, 2026
Call Date
₹10,00,000
Minimum Qty
INE124N07697
ISIN
Yearly
IP Frequency
9.152%
Yield
₹100.0502
Price
