Description
REC Limited's privately placed debt securities (ISIN: INE020B08GB8) bearing 6.95% interest p.a. and maturing on 18 February 2028 have been listed on BSE's Debt Segment effective 24 February 2026.
Summary
BSE has listed privately placed debt securities of REC Limited on the BSE Debt Segment effective 24 February 2026. The securities carry a 6.95% per annum interest rate and are redeemable on 18 February 2028. All trading will be conducted in dematerialised form only.
Key Points
- Company: REC Limited
- Scrip Code: 977568 | Scrip ID: 695RECL28
- ISIN: INE020B08GB8
- Instrument Name: RECL-6.95%-18-2-28-PVT
- Quantity Listed: 2,83,500 units
- Market Lot: 1
- Face Value / Issue Price / Paid-up Value: Rs. 1,00,000 per unit
- Rate of Interest: 6.95% per annum, paid annually
- Date of Allotment: 20 February 2026
- Tick Size: 1 paise
- Credit Ratings: CARE AAA/Stable | CRISIL AAA/STABLE | ICRA AAA/STABLE | IND AAA/Stable
Regulatory Changes
No regulatory changes. This is a standard listing notification under BSE’s debt market listing framework for privately placed instruments.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form under ISIN INE020B08GB8.
- For clarifications, trading members may contact BSE’s Debt Department at: 22728352 / 8597 / 8995 / 5753 / 8915.
- Placement Memorandum is available at: https://www.bseindia.com/markets/debt/memorandum_data.aspx
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | 20 February 2026 |
| Listing / Trading Effective | 24 February 2026 |
| Interest Payment (Annual) | 20 February 2027 to 18 February 2028 |
| Date of Redemption | 18 February 2028 |
| Put / Call Option | As per Disclosure Document |
Impact Assessment
This listing has minimal broad market impact. It represents a routine admission of AAA-rated REC Limited privately placed bonds to the BSE Debt Segment. The securities are targeted at institutional investors and debt market participants. The AAA ratings from all four major credit rating agencies (CARE, CRISIL, ICRA, India Ratings) indicate high credit quality with negligible default risk. The 6.95% coupon and ~2-year tenor make this a short-duration, investment-grade instrument.
Impact Justification
Routine administrative listing of a privately placed debt instrument by a PSU entity. Limited to institutional/debt market participants; no equity market impact.