8.85% Power Grid Corporation Of India Limited - AAA Rated (INE752E07KJ7)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07KJ7, with a face value of ₹12,50,000 rs on 19Oct12 to raise 236.875 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% SECURED NON CONVERTIBLE NON CUMULATIVE REDEEMABLE TAXABLE POWER GRID BONDS XLI-ISSUE 2012-13. LETTER OF ALLOTMENT. STRPP-I DATE OF MATURITY 19/10/2024. 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 30Oct12 & on BSE stock exchange on 30Oct12. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19Jun12. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.