Security Name: 8.46% REC Limited (Tax Free) 29 Aug 2028
ISIN:
INE020B07HN3
Taxable
Tax Category
29 Aug, 2028
Maturity Date
(3 Yr 22 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
29 Aug, 2013
Allotment Date
NA
Put Date
29 Aug, 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
₹NaN
Dirty Price
8.46%
Coupon
Fixed Interest
Coupon Basis
7.7371%
Current Yield
14 Aug, 2025
Record Date
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
Related Videos
Tax-Free Bonds
Tax Planning 2.0: Elevating Your Investment Game with Tax-Free Bonds
Coupon Payment Structure
The intricacies of coupon payments
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, 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.
Clean Price
Yield (YTM)
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 INE020B07HN3 |
|---|
| 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 |
|---|
| 8.46% REC Limited (Tax Free) 29 Aug 2028 |
| Credit Rating |
|---|
| AAA Stable by ICRA AAA Stable by IND AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.460000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 29/08/2028 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 08,2025 |
| Principal Amount |
|---|
| ₹10,93,438 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,93,439 |
| Price |
|---|
| ₹109.3438 |
| 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
7.34% (7.84
19 Feb, 2028
Maturity Date
₹1,91,000
Minimum Qty
INE053F07579
ISIN
Yearly
IP Frequency
5.0938%
Yield
₹106.3996
Price
8.20% IndiGrid Infrastructure Trust 06 May 2031
06 May, 2031
Maturity Date
₹5,63,000
Minimum Qty
INE219X07264
ISIN
Yearly
IP Frequency
7.6409%
Yield
₹102.4502
Price
8.80% Indian Renewable Energy Development Agency Limited (Tax Free) 13 Mar 2034
13 Mar, 2034
Maturity Date
₹2,54,000
Minimum Qty
INE202E07153
ISIN
Yearly
IP Frequency
5.1862%
Yield
₹124.4909
Price
7.26% National Highways Authority Of India 10 Aug 2038
10 Aug, 2038
Maturity Date
₹10,00,000
Minimum Qty
INE906B07IY8
ISIN
Yearly
IP Frequency
6.7923%
Yield
₹103.9221
Price
8.67% NHPC Limited (Tax Free) 02 Nov 2033
02 Nov, 2033
Maturity Date
₹5,00,000
Minimum Qty
INE848E07567
ISIN
Yearly
IP Frequency
5.1535%
Yield
₹123.0962
Price
