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REC Limited 8.25% 2029 Bond

ISININE020B08EN8

REC LIMITED SR 184A 8.25 BD 26SP29 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
26 Sept 2019
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement (EBP)
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 / 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;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 8.23% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 26 Sept 2029; final payment ₹10,82,500 per bond.

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