8.40% Power Grid Corporation Of India Limited - AAA Rated (INE752E07NE2)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07NE2, with a face value of ₹10,00,000 rs on 14Sep15 to raise 250 crores. The debt instrument is issued with a coupon rate of 8.40% 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 Secured Bond is 8.4% SECURED NON CONVERTIBLE NON CUMULATIVE REDEEMABLE TAXABLE POWER GRID BONDS LI-ISSUE 2015-16 STRPP-H LETTER OF ALLOTMENT.DATE OF MATURITY 14/09/2026. 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 18Feb16 & on NSE stock exchange on 24Sep15. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 20Aug15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.