8.64% Power Grid Corporation Of India Limited - AAA Rated (INE752E07HM7)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07HM7, with a face value of ₹12,50,000 rs on 08Jul10 to raise 240 crores. The debt instrument is issued with a coupon rate of 8.64% 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 8.64% Secured Non-Convertible ,Non-Cumulative, Redeemable , Taxable Powergrid bond. Series XXXIII- Issue 2010-11. Letter of Allotment. STRPP -K. Date of Maturity 08/07/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 19Jul10 & on BSE stock exchange on 19Jul10. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 25Jun10. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.