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6.72% India Grid Trust - AAA Rated (INE219X07306)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE219X07306
Face value
₹10,00,000
Coupon rate
6.72%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
850
Instrument Type
Debenture
Returns
Medium
Date of Issue
15 Sep 2021
Maturity Date
14 Sep 2026
Perpetual
Yes
Listing Status
Unlisted
Rating status
AAA (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
INDIA GRID TRUST SR M 6.72 NCD 14SP26 FVRS10LACLOAUPTO14SP21
India Grid Trust, a Power - Transmission company, has floated Debenture,
having ISIN value as INE219X07306, with a face value of ₹10,00,000 rs on 15Sep21 to raise 850 crores. The debt instrument
is issued with a coupon rate of 6.72% 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 6.72% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES M.LETTER OF ALLOTMENT.DATE OF MATURITY 14/09/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to
this Debenture on 03Sep21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
15-Sep-21 : Your investment
₹16,80,000
15-Dec-21 : Interest
₹16,80,000
15-Mar-22 : Interest
₹16,80,000
15-Jun-22 : Interest
₹16,80,000
15-Sep-22 : Interest
₹16,80,000
15-Dec-22 : Interest
₹16,80,000
15-Mar-23 : Interest
₹16,80,000
15-Jun-23 : Interest
₹16,80,000
15-Sep-23 : Interest
₹16,80,000
15-Dec-23 : Interest
₹16,80,000
15-Mar-24 : Interest
₹16,80,000
15-Jun-24 : Interest
₹16,80,000
15-Sep-24 : Interest
₹16,80,000
15-Dec-24 : Interest
₹16,80,000
15-Mar-25 : Interest
₹16,80,000
15-Jun-25 : Interest
₹16,80,000
15-Sep-25 : Interest
₹16,80,000
15-Dec-25 : Interest
₹16,80,000
15-Mar-26 : Interest
₹16,80,000
15-Jun-26 : Interest
₹8,86,666
14-Sep-26 : Interest
₹13,28,06,666
14-Sep-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,28,06,666)
Summary
Instrument Attributes
Value
Coupon Rate
6.72%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Power - Transmission
HEAD OFFICE
New Delhi
SECTOR
Power
ISSUER OWNERSHIP
Private Sector
Other Bonds of India Grid Trust
FAQs about INE219X07306 issued by India Grid Trust
What is the instrument name of INE219X07306 ISIN?
The instrument name of INE219X07306 ISIN is INDIA GRID TRUST SR M 6.72 NCD 14SP26 FVRS10LACLOAUPTO14SP21.
How frequently is the interest paid on INE219X07306 bond issued by India Grid Trust?
The interest earned from INE219X07306 bond issued by India Grid Trust is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE219X07306 bond issued by India Grid Trust?
This INE219X07306 bond issued by India Grid Trust has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE219X07306 bond issued by India Grid Trust?
This Debenture offers a coupon rate of 6.72%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE219X07306 Debenture?
The INE219X07306 Debenture is issued by India Grid Trust, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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