8.70% Power Grid Corporation Of India Limited - AAA Rated (INE752E07LC0)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07LC0, with a face value of ₹10,00,000 rs on 15Jul13 to raise 1322 crores. The debt instrument is issued with a coupon rate of 8.70% 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 8.7% SECURED NON CONVERTIBLE NON CUMULATIVE REDEEMABLE TAXABLE POWER GRID BONDS XLIV-ISSUE 2013-14. STRPP-C LETTER OF ALLOTMENT.DATE OF MATURITY 15/07/2028. 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 04Sep14 & on NSE stock exchange on 30Jul13. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 05Oct13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.