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REC Limited 6.45% 2031 Bond

ISININE020B08DI0

REC LIMITED SR XII 6.45 BD 07JN31 FVRS10LAC

REC Limited is a listed issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 138 of its bonds.

Key terms

Issue date
7 Jan 2021
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
SERIES -XII
Sector
Non-Banking Financial Company (NBFC)

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

ICRA AAA / StableCRISIL AAA / StableCARE AAA / StableIndia Ratings AAA / Stable

AAAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ICRA AAA/Stable;CRISIL AAA/Stable;CARE AAA/Stable;IND AAA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 6.55% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

20 scheduled payments through 7 Jan 2031; final payment ₹10,32,250 per bond.

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