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8.63%Rural Electrification Corporation Limited 27 Aug 2028

ISIN:
INE020B08BB9
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Taxable

Tax Category

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25 Aug, 2028

Maturity Date
(4 Yr 2 Mo 12 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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27 Aug, 2018

Allotment Date

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NA

Put Date

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27 Aug, 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 FY23 is 9.97x and it was 9.46x in FY22. It indicates that the company’s finance cost is increasing more with respect to its earnings

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Debt/EBITDA

The ratio in FY23 is 1.58x and it was 1.56 x in FY22, indicating increased debt servicing ability of the issuer due to increase in profit compared to previous year.

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Interest coverage ratio

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹103.2621
Price
7.6719%
Yield
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BOND VALUE DETAILS

Face Value
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Total Investment
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