6.52% India Grid Trust - AAA Rated (INE219X07330)

India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07330, with a face value of ₹10,00,000 rs on 07Feb22 to raise 400 crores. The debt instrument is issued with a coupon rate of 6.52% 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 6.52% SECURED RATED LISTED FULLY PAID NON CONVERTIBLE DEBENTURE. SERIES N. LETTER OF ALLOTMENT.DATE OF MATURITY 07/04/2025.. 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. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 25Jan22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.