8.13% Power Grid Corporation Of India Limited - AAA Rated (INE752E07NU8)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07NU8, with a face value of ₹10,00,000 rs on 25Apr16 to raise 333 crores. The debt instrument is issued with a coupon rate of 8.13% 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 8.13% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES POWERGRID BONDS-LIII ISSUE 2016-17 STRPP-I. LETTER OF ALLOTMENT. DATE OF MATURITY 25/04/2028. 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 31Aug16 & on NSE stock exchange on 10May16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19Apr16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.