7.36% Power Grid Corporation Of India Limited - AAA Rated (INE752E07OC4)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07OC4, with a face value of ₹10,00,000 rs on 18Oct16 to raise 1065 crores. The debt instrument is issued with a coupon rate of 7.36% 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 7.36% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES POWERGRID BONDS-LVI ISSUE 2016-17. LETTER OF ALLOTMENT. DATE OF MATURITY 18/10/2026. 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 27Dec16 & on NSE stock exchange on 26Oct16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 03Oct16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.