7.74% Power Grid Corporation Of India Limited - AAA Rated (INE752E08536)

Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E08536, with a face value of ₹10,00,000 rs on 12Dec17 to raise 3000 crores. The debt instrument is issued with a coupon rate of 7.74% 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 Unsecured Bond is 7.74% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES POWERGRID BONDS-LXI ISSUE 2017-18. STRPP-D. LETTER OF ALLOTMENT. DATE OF MATURITY 12/12/2031. 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 27Dec17 & on NSE stock exchange on 21Dec17. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 16Nov17. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.