Security Name: 8.37% Rural Electrification Corporation Limited 07 Dec 2028
ISIN:
INE020B08BH6
Taxable
Tax Category
07 Dec, 2028
Maturity Date
(3 Yr 11 Mo 15 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
07 Dec, 2018
Allotment Date
NA
Put Date
07 Jun, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.37%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*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, download the Information Memorandum.
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 INE020B08BH6 |
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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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| 8.37% Rural Electrification Corporation Limited 07 Dec 2028 |
| Credit Rating |
|---|
| AAA Stable by CRISIL AAA Stable by ICRA AAA Stable by CARE AAA Stable by IND |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
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| 8.370000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 07/12/2028 |
| Security |
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| Senior Unsecured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| ₹NaN |
| Accrued Interest |
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| 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.
