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Rural Electrification Corporation Limited 8.63% 2029 Bond

ISININE020B07ID2

RURAL ELECTRIFICATION CORPORATION LIMITED TR 2 SR 2A 8.63 BD 24MR29 FVRS1000

Rural Electrification Corporation Limited is a public-sector (PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 48 of its bonds.

Key terms

Issue date
24 Mar 2014
Interest basis
Simple
Instrument
Bonds
Mode of issue
Public Issue
Series
TRANCHE 2 SERIES 2A
Sector
Non-Banking Financial Company (NBFC)
Issuer type
PSU
Issuer nature
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 / StableCARE AAA / StableCRISIL 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;CARE AAA/Stable;CRISIL 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 8.60% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

15 scheduled payments through 24 Mar 2029; final payment ₹1,086 per bond.

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