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Rural Electrification Corporation Limited 8.7% 2028 Bond

ISININE020B08BC7

RURAL ELECTRIFICATION CORPORATION LIMITED SR GOI-IV 8.70 BD 28SP28 FVRS10LAC

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
28 Sept 2018
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
GOI-IV
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

CARE AAA / StableIndia Ratings AAA / StableICRA 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: CARE AAA/Stable;IND AAA/Stable;ICRA 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 8.88% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

20 scheduled payments through 28 Sept 2028; final payment ₹10,43,500 per bond.

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