POWER GRID CORPORATION OF INDIA LIMITED LXVII-67 6.85 BD 15AP25 10LAC LOAUPTO06JL20
Power Grid Corporation Of India Limited
, a Power - Transmission company, has floated Bond,
having ISIN value as INE752E08643, with a face value of ₹10,00,000 rs on 15Apr20 to raise 2800 crores. The debt instrument
is issued with a coupon rate of 6.85% 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 6.85% UNSECURED RATED LISTED TAXABLE NOT GURANTEED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE POWERGRID BONDS LXVII-67TH ISSUE IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 15/04/2025. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 22Apr20 & on BSE stock exchange on 27Apr20. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 03Apr20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.