Is it a good design to have a Class with List of class same class objects

Hi

We have a requirement to create a class like this

Class Bundle
{
int BundleId;
string BundleName;
double NRC;
double ARC;
List<Bundle> BundleList;
int NestedBundleId; //This is the parent BundleId
}

The reason we trying this is we need an xml output like this
<Bundle>
<BundleId>
<BundleName>
<NRC>
<ARC>
<Bundle> //This is based on the nested bundleId
<BundleId>
<BundleName>
</Bundle>
<NRC>
<ARC>
</Bundle>

Can you guys have your opinion on what is the best way to get this structure done as I thought about the circular reference initially, but in this instance there is no circular reference as it just creates new list of bundles

what we doing in c# is
Bundle bundle = new Bundle();
List<Bundle> nestedBundleList= new List<Bundle>
bundle.BundleList = nestedBundleList;

Thanks