9.35% Power Grid Corporation Of India Limited - AAA Rated (INE752E07JA8)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07JA8, with a face value of ₹10,00,000 rs on 29Aug11 to raise 206 crores. The debt instrument is issued with a coupon rate of 9.35% 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 9.35% Secured Non-Convertible ,Non-Cumulative, Redeemable , Taxable Powergrid Bond. Series XXXVI- Issue 2011-12. Letter of Allotment. STRPP -O. Date of Maturity 29/08/2030. 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 12Sep11 & on BSE stock exchange on 12Sep11. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19May11. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.