Instrument Details

ISIN: INE219X07306

Face value

₹10,00,000

Coupon rate

6.72%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

850

Instrument Type

Debenture

Returns

Medium

Date of Issue

15 Sep 2021

Maturity Date

14 Sep 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

INDIA GRID TRUST SR M 6.72 NCD 14SP26 FVRS10LACLOAUPTO14SP21
India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07306, with a face value of ₹10,00,000 rs on 15Sep21 to raise 850 crores. The debt instrument is issued with a coupon rate of 6.72% 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 6.72% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES M.LETTER OF ALLOTMENT.DATE OF MATURITY 14/09/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 03Sep21. 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
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
15-Sep-21 : Your investment
₹16,80,000
15-Dec-21 : Interest
₹16,80,000
15-Mar-22 : Interest
₹16,80,000
15-Jun-22 : Interest
₹16,80,000
15-Sep-22 : Interest
₹16,80,000
15-Dec-22 : Interest
₹16,80,000
15-Mar-23 : Interest
₹16,80,000
15-Jun-23 : Interest
₹16,80,000
15-Sep-23 : Interest
₹16,80,000
15-Dec-23 : Interest
₹16,80,000
15-Mar-24 : Interest
₹16,80,000
15-Jun-24 : Interest
₹16,80,000
15-Sep-24 : Interest
₹16,80,000
15-Dec-24 : Interest
₹16,80,000
15-Mar-25 : Interest
₹16,80,000
15-Jun-25 : Interest
₹16,80,000
15-Sep-25 : Interest
₹16,80,000
15-Dec-25 : Interest
₹16,80,000
15-Mar-26 : Interest
₹16,80,000
15-Jun-26 : Interest
₹8,86,666
14-Sep-26 : Interest
₹13,28,06,666
14-Sep-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,28,06,666)

Summary

Instrument Attributes

Value

Coupon Rate

6.72%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

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 INE219X07306 issued by India Grid Trust

The instrument name of INE219X07306 ISIN is INDIA GRID TRUST SR M 6.72 NCD 14SP26 FVRS10LACLOAUPTO14SP21.
The interest earned from INE219X07306 bond issued by India Grid Trust is paid Quarterly, ensuring regular and consistent income for investors.
This INE219X07306 bond issued by India Grid Trust has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 6.72%, which determines the periodic interest payments made to bondholders.
The INE219X07306 Debenture is issued by India Grid Trust, a Private Sector company.