7.49% Power Grid Corporation Of India Limited - AAA Rated (INE752E08619)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E08619, with a face value of ₹4,00,000 rs on 25Oct19 to raise 1008 crores. The debt instrument is issued with a coupon rate of 7.49% 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 Unsecured Bond is 7.49% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE POWERGRID BONDS  LXIV-64TH ISSUE IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. STRPP  C. DATE OF MATURITY 25/10/2034. 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 04Nov19 & on BSE stock exchange on 20Nov19. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 30Sep19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.