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8.37%Rural Electrification Corporation Limited 07 Dec 2028

ISIN:
INE020B08BH6
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Taxable

Tax Category

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07 Dec, 2028

Maturity Date
(4 Yr 4 Mo 17 D to mature)

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Half Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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07 Dec, 2018

Allotment Date

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NA

Put Date

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07 Dec, 2024

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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₹NaN

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
CRISIL
AAA Stable
ICRA
AAA Stable
CARE
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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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.

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Debt/EBITDA

The ratio in FY24 is 1.59x and it was 1.58 x in FY23, indicating slight 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
News Thumbnail
Rural Electrification Corporation avails green loan of USD 200 mn from Deutsche Bank

Jul 11, 2024 | Rural Electrification Corporation Limited

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Maharatna PSU infra firm REC's profit spikes as lender recovers unpaid dues

Apr 20, 2024 | Rural Electrification Corporation Limited

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STEPS TO BUY THIS BOND
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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.
₹103.8108
Price
7.4626%
Yield
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BOND VALUE DETAILS

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