Instrument Details

ISIN: INE752E07NP8

Face value

₹10,00,000

Coupon rate

8.13%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

333

Instrument Type

Bond

Returns

High

Date of Issue

25 Apr 2016

Maturity Date

25 Apr 2023

Perpetual

Yes

Listing Status

Listed

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

POWER GRID CORPORATION OF INDIA LIMITED SRLIIISTRPPD8.13BD25AP23FVRS10LCLOAUPTO17AG16
Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E07NP8, with a face value of ₹10,00,000 rs on 25Apr16 to raise 333 crores. The debt instrument is issued with a coupon rate of 8.13% 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 8.13% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES POWERGRID BONDS-LIII ISSUE 2016-17 STRPP-D. LETTER OF ALLOTMENT. DATE OF MATURITY 25/04/2023. 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 31Aug16 & on NSE stock exchange on 10May16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19Apr16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
check
Date Verified
28 Feb 2022
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
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
25-Apr-16 : Your investment
₹81,30,000
25-Apr-17 : Interest
₹81,30,000
25-Apr-18 : Interest
₹81,30,000
25-Apr-19 : Interest
₹81,30,000
25-Apr-20 : Interest
₹81,30,000
25-Apr-21 : Interest
₹81,30,000
25-Apr-22 : Interest
₹81,30,000
25-Apr-23 : Interest
₹15,69,10,000
25-Apr-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,69,10,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.13%

Returns

High

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
PSU

FAQs about INE752E07NP8 issued by Power Grid Corporation Of India Limited

The instrument name of INE752E07NP8 ISIN is POWER GRID CORPORATION OF INDIA LIMITED SRLIIISTRPPD8.13BD25AP23FVRS10LCLOAUPTO17AG16.
The interest earned from INE752E07NP8 bond issued by Power Grid Corporation Of India Limited is paid Annually, ensuring regular and consistent income for investors.
This INE752E07NP8 bond issued by Power Grid Corporation Of India Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.13%, which determines the periodic interest payments made to bondholders.
The INE752E07NP8 Bond is issued by Power Grid Corporation Of India Limited, a PSU company.