Taxable
Tax Category
28 Mar, 2029
Maturity Date
(3 Yr 7 Mo 22 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
28 Mar, 2019
Allotment Date
NA
Put Date
28 Mar, 2026
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
8.97%
Coupon
Fixed Interest
Coupon Basis
8.4170%
Current Yield
13 Mar, 2026
Record Date
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
REC Limited, incorporated in 1969, is a NBFC with infrastructure finance company status. REC’s main objective is to finance and promote power sector projects across the country. While the initial mandate was to finance village electrification, pump-set energizing and transmission and distribution projects. While its corporate office is in New Delhi, the company has 18 project offices and three sub-offices, located in most states in the country.
The ratio in FY25 is 9.01x and it was 9.18x in FY24. It indicates that the debt level is decreasing due to the company effectively managing its finance costs, contributing to improved profitability.
Debt/EBITDA
The ratio in FY25 is 1.58x and it was 1.59x in FY24, indicating almost no change in debt servicing ability of the issuer due in FY25.
Interest coverage ratio
Jun 01, 2023 | REC Limited
Oct 18, 2024 | REC Limited
Jul 31, 2025 | REC Limited
Select the number of units below
BOND VALUE DETAILS
Cashflow for INE020B08BP9 |
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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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8.97% REC Limited 28 Mar 2029 |
Credit Rating |
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AAA Stable by CARE AAA Stable by ICRA AAA Stable by IND |
Coupon Frequency |
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Yearly |
Face Value |
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₹10,00,000 |
Coupon |
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8.970000% |
YTM or YTC |
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YTM |
Maturity Date |
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28/03/2029 |
Security |
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Unsecured Subordinated Tier 2 |
No. of Bonds |
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1 |
Settlement Date |
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Aug 06,2025 |
Principal Amount |
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₹10,65,700 |
Accrued Interest |
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₹0 |
Stamp Duty |
---|
₹1 |
Total Amount Payable |
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₹10,65,701 |
Price |
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₹106.57 |
Yield |
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0% |
Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.