6.72% India Grid Trust - AAA Rated (INE219X07306)

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.