9.33% Power Grid Corporation Of India Limited - AAA Rated (INE752E07FE8)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07FE8, with a face value of ₹12,50,000 rs on 15Dec08 to raise 200 crores. The debt instrument is issued with a coupon rate of 9.33% 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 Bond is 9.33% Secured Non Convertible Non Cumulative Redeemable, Taxable bonds XXVIII- Issue 2008-09. Letter of allotment. STRPP-K. Date of Maturity : 15/12/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 06Jan09 & on NSE stock exchange on 06Jan09. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 22Aug08. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.