Instrument Details

ISIN: INE752E08650

Face value

₹10,00,000

Coupon rate

6.28%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

05 Aug 2020

Maturity Date

04 Nov 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

POWER GRID CORPORATION OF INDIA LIMITED LXVIII-68 6.28 BD 11AP31 10LAC LOAUPTO27OT20
Power Grid Corporation Of India Limited, a Power - Transmission company, has floated Bond, having ISIN value as INE752E08650, with a face value of ₹10,00,000 rs on 05Aug20 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.28% 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 6.28% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE NON CUMULATIVE POWERGRID BONDS LXVIII-68TH ISSUE IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 11/04/2031. 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 10Aug20 & on NSE stock exchange on 10Aug20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 13Jul20. 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
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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
05-Aug-20 : Your investment
₹62,80,000
05-Aug-21 : Interest
₹62,80,000
05-Aug-22 : Interest
₹62,80,000
05-Aug-23 : Interest
₹62,80,000
05-Aug-24 : Interest
₹62,80,000
05-Aug-25 : Interest
₹62,80,000
05-Aug-26 : Interest
₹62,80,000
05-Aug-27 : Interest
₹62,80,000
05-Aug-28 : Interest
₹62,80,000
05-Aug-29 : Interest
₹62,80,000
05-Aug-30 : Interest
₹62,80,000
05-Aug-31 : Interest
₹16,90,80,000
04-Nov-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,90,80,000)

Summary

Instrument Attributes

Value

Coupon Rate

6.28%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

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 INE752E08650 issued by Power Grid Corporation Of India Limited

The instrument name of INE752E08650 ISIN is POWER GRID CORPORATION OF INDIA LIMITED LXVIII-68 6.28 BD 11AP31 10LAC LOAUPTO27OT20.
The interest earned from INE752E08650 bond issued by Power Grid Corporation Of India Limited is paid Annually, ensuring regular and consistent income for investors.
This INE752E08650 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 6.28%, which determines the periodic interest payments made to bondholders.
The INE752E08650 Bond is issued by Power Grid Corporation Of India Limited, a PSU company.