8.40% India Grid Trust - AAA Rated (INE219X07090)

India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07090, with a face value of ₹10,00,000 rs on 15Jun20 to raise 350 crores. The debt instrument is issued with a coupon rate of 8.40% and its interest is paid Quarterly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 8.40% SECURED, RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES G.DATE OF MATURITY 14/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jun20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 04Jun20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.