7.38% Power Grid Corporation Of India Limited - AAA Rated (INE752E08635)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E08635, with a face value of ₹10,00,000 rs on 08Jan20 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.38% 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 7.38% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE NON CUMULATIVE POWERGRID BONDS LXVI-66TH ISSUE IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 12/04/2030. 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 15Jan20 & on NSE stock exchange on 14Jan20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 18Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.