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Instrument Details

ISIN: INE219X07298

Face value

₹10,00,000

Coupon rate

7.32%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

400

Instrument Type

Debenture

Returns

Medium

Date of Issue

28 Jun 2021

Maturity Date

27 Jun 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDIA GRID TRUST SR L 7.32 NCD 27JU31 FVRS10LACLOAUPTO27JU21
India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07298, with a face value of ₹10,00,000 rs on 28Jun21 to raise 400 crores. The debt instrument is issued with a coupon rate of 7.32% and its interest is paid Quarterly. 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 Debenture is 7.32% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES L.LETTER OF ALLOTMENT.DATE OF MATURITY 27/06/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 01Jul21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 07Jun21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
18 Jun 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
28-Jun-21 : Your investment
₹18,30,000
28-Sep-21 : Interest
₹18,30,000
28-Dec-21 : Interest
₹18,30,000
28-Mar-22 : Interest
₹18,30,000
28-Jun-22 : Interest
₹18,30,000
28-Sep-22 : Interest
₹18,30,000
28-Dec-22 : Interest
₹18,30,000
28-Mar-23 : Interest
₹18,30,000
28-Jun-23 : Interest
₹18,30,000
28-Sep-23 : Interest
₹18,30,000
28-Dec-23 : Interest
₹18,30,000
28-Mar-24 : Interest
₹18,30,000
28-Jun-24 : Interest
₹18,30,000
28-Sep-24 : Interest
₹18,30,000
28-Dec-24 : Interest
₹18,30,000
28-Mar-25 : Interest
₹18,30,000
28-Jun-25 : Interest
₹18,30,000
28-Sep-25 : Interest
₹18,30,000
28-Dec-25 : Interest
₹18,30,000
28-Mar-26 : Interest
₹18,30,000
28-Jun-26 : Interest
₹18,30,000
28-Sep-26 : Interest
₹18,30,000
28-Dec-26 : Interest
₹18,30,000
28-Mar-27 : Interest
₹18,30,000
28-Jun-27 : Interest
₹18,30,000
28-Sep-27 : Interest
₹18,30,000
28-Dec-27 : Interest
₹18,30,000
28-Mar-28 : Interest
₹18,30,000
28-Jun-28 : Interest
₹18,30,000
28-Sep-28 : Interest
₹18,30,000
28-Dec-28 : Interest
₹18,30,000
28-Mar-29 : Interest
₹18,30,000
28-Jun-29 : Interest
₹18,30,000
28-Sep-29 : Interest
₹18,30,000
28-Dec-29 : Interest
₹18,30,000
28-Mar-30 : Interest
₹18,30,000
28-Jun-30 : Interest
₹18,30,000
28-Sep-30 : Interest
₹18,30,000
28-Dec-30 : Interest
₹18,30,000
28-Mar-31 : Interest
-₹3,35,500
27-Jun-31 : Interest
-₹3,35,500
27-Jun-31 : Interest
₹17,06,99,000
27-Jun-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,06,99,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.32%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Power - Transmission
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE219X07298 issued by India Grid Trust

The instrument name of INE219X07298 ISIN is INDIA GRID TRUST SR L 7.32 NCD 27JU31 FVRS10LACLOAUPTO27JU21.
The interest earned from INE219X07298 bond issued by India Grid Trust is paid Quarterly, ensuring regular and consistent income for investors.
This INE219X07298 bond issued by India Grid Trust has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.32%, which determines the periodic interest payments made to bondholders.
The INE219X07298 Debenture is issued by India Grid Trust, a Private Sector company.
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