REC Ltd 7.85% 2031
REC Limited
ISIN: INE020B08CB7 · NSE/BSE
CRISIL/CARE
Coupon Rate
7.85%
Annual
Yield (YTM)
7.72%
Yield to Maturity
Current Price
₹1,007.6
Face ₹1,000
Maturity Date
14 Oct 2031
3-5 yrs
Updated: 13 Jul 2026 05:00 IST
TopFund Analysis
At 7.72% yield to maturity, this bond pays 0.4pp more than the 11 other PSU bonds in the 3-5 yrs bracket (average 7.32%) — a higher yield within the same maturity/type bucket usually reflects a real difference in credit or liquidity risk, not a free lunch. AAA is the highest domestic credit rating a corporate/PSU bond can carry, indicating the lowest relative default risk in that category for REC Limited — though "lowest relative risk" isn't "zero risk," especially over its remaining 5.0 years. On a face value of ₹1000, the 7.85% coupon works out to roughly ₹78.5 a year, paid annually — before any tax on that income.
Annual Income Estimator
Annual Interest Income
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Post-Tax (30% slab)
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* Based on coupon rate of 7.85%. Actual returns may vary based on purchase price.
Bond Details
ISIN
INE020B08CB7
Issuer
REC Limited
Bond Type
PSU
Face Value
₹1,000
Issue Date
14 Oct 2024
Maturity Date
14 Oct 2031
Coupon Rate
7.85% p.a.
Payment Frequency
Annual
Exchange
NSE/BSE
Min Investment
₹10,000
Credit Rating
AAA (CRISIL/CARE)
Tax Status
Taxable
Secured
Yes
Status
Active
About this Bond
REC Ltd 7.85% 2031 is a PSU bond issued by REC Limited. It carries a coupon rate of 7.85% per annum, paid annually, matures on 14 October 2031. It carries an AAA credit rating from CRISIL/CARE. This is a secured bond, and the interest is taxable.
More PSU Bonds
Frequently Asked Questions about REC Ltd 7.85% 2031
REC Ltd 7.85% 2031 has a yield to maturity (YTM) of 7.72%, with a coupon rate of 7.85% p.a., maturing October 2031.
REC Ltd 7.85% 2031 is rated AAA by CRISIL/CARE, issued by REC Limited.
The minimum investment for REC Ltd 7.85% 2031 is ₹10,000. Interest earned is taxable at your income slab rate.
REC Ltd 7.85% 2031 pays interest annual, at a coupon rate of 7.85% per annum on the face value of ₹1,000.
REC Ltd 7.85% 2031 is a secured bond rated AAA by CRISIL/CARE, the highest safety rating. Secured bonds are backed by specific collateral, reducing default risk relative to unsecured debt. Credit ratings can change over the bond's tenure — always check the latest rating before investing.
Bond data is for informational purposes only. Prices and yields are indicative. TopFund is not SEBI-registered. Consult a registered advisor before investing.
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