8.20% India Grid Trust - AAA Rated (INE219X07264)

India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07264, with a face value of ₹1,000 rs on 06May21 to raise 599.1836 crores. The debt instrument is issued with a coupon rate of 8.20% and its interest is paid Annually. 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 8.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES V CAT III & CAT IV.DATE OF MATURITY 06/05/2031. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 10May21 & on BSE stock exchange on 10May21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 22Apr21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.