8.97% Rural Electrification Corporation 2029

About Issuer

REC is a Navratna Central Public Sector Undertaking under the Ministry of Power. It is a leading infrastructure finance company with a net worth of over ?50,000 crore (as on 31st March, 2022). They provide financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through our extensive network of 22 offices across the country.
Overview

ISIN

INE020B08BP9

Minimum Investment

1000000

Coupon

8.97%

YTM

7.65%

Payment Term

ANNUALLY

Face Value

1000000

Taxable

YES

Perpetual

NO

Maturity Date

28/03/29

Remaining Period

Issue Date

28/03/19

Interest Payment Date

28 Mar

Credit Rating

Debit Quality

Security

This bond is UNSECURED

Seniority

Subordinate Tier 2

Indicative Cashflow
Cash Flow

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