Security Name: 8.63% Rural Electrification Corporation Limited 27 Aug 2028
ISIN:
INE020B08BB9
Taxable
Tax Category
25 Aug, 2028
Maturity Date
(3 Yr 8 Mo 1 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Aug, 2018
Allotment Date
NA
Put Date
27 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
8.63%
Coupon
Fixed Interest
Coupon Basis
8.2954%
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
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, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹104.0341
Clean Price
7.3144%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE020B08BB9 |
|---|
| 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 |
|---|
| 8.63% Rural Electrification Corporation Limited 27 Aug 2028 |
| Credit Rating |
|---|
| AAA Stable by CRISIL AAA Stable by ICRA AAA Stable by CARE AAA Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.630000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 25/08/2028 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Dec 24,2024 |
| Principal Amount |
|---|
| ₹10,40,341 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,40,342 |
| Price |
|---|
| ₹104.0341 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | 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
7.74% State Bank Of India (P) Call : 09 Sep 2025
09 Sep, 2025
Call Date
₹10,00,000
Minimum Qty
INE062A08249
ISIN
Yearly
IP Frequency
7.3524%
Yield
₹100.1564
Price
8.25% Bank Of Baroda (P) Call : 17 Jul 2025
17 Jul, 2025
Call Date
₹10,00,000
Minimum Qty
INE028A08216
ISIN
Yearly
IP Frequency
7.2408%
Yield
₹100.4145
Price
9.15% Yes Bank Limited 30 Jun 2025
30 Jun, 2025
Maturity Date
₹10,00,000
Minimum Qty
INE528G08287
ISIN
Yearly
IP Frequency
9.0001%
Yield
₹99.8804
Price
9.25% SK Finance Limited 09 May 2027
25 Apr, 2026
Call Date
₹10,00,000
Minimum Qty
INE124N07697
ISIN
Yearly
IP Frequency
9.0904%
Yield
₹100.1119
Price
8.25% Mahindra Rural Housing Finance Limited 03 Aug 2029
03 Aug, 2029
Maturity Date
₹10,00,000
Minimum Qty
INE950O07487
ISIN
Yearly
IP Frequency
7.7686%
Yield
₹101.7237
Price
