Bond Directory / POWER GRID CORPORATION OF INDIA LIMITED

POWER GRID CORPORATION OF INDIA LIMITED

ACTIVE

7.74% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES POWERGRID BONDS-LXI ISSUE 2017-18. STRPP-E. LETTER OF ALLOTMENT. DATE OF MATURITY 10/12/2032

ISIN

INE752E08544

Copied

Essentials

Coupon Rate (Returns)

7.74%

Rating

AAA  ICRA LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

8 years 6 months

Dec 10, 2032

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

3000 Crores

Issue Price

₹10,00,000

Security class

Bond

Listing details

NSE & BSE

Debenture Trustee

IDBI Trusteeship Services Limited

Issue

Private Placement

Issuer Details

POWER GRID CORPORATION OF INDIA LIMITED

Business Sector

244

Issuer Nature type

Other

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AAA

(Apr 16, 2024)

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

You may also like...

Aditya Birla Finance Limited

Coupon

8.3300%

Maturity

May 2027

Rating

ICRA  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

8.1800%

Price

₹ 1,01,988.16

Mahindra And Mahindra Financial Services Limited

Coupon

8.2500%

Maturity

Mar 2027

Rating

CRISIL  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

8.1400%

Price

₹ 1,02,919.92

Axis Finance Limited

Coupon

8.2900%

Maturity

Aug 2027

Rating

CARE  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

8.1100%

Price

₹ 1,01,419.48

India Grid Trust

Coupon

8.2000%

Maturity

May 2031

Rating

Ind-Ra  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

8.1000%

Price

₹ 1,009.75

Tata Capital Limited

Coupon

8.0980%

Maturity

Jan 2027

Rating

CRISIL  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

8.0900%

Price

₹ 1,03,987.97

Lic Housing Finance Ltd

Coupon

7.8200%

Maturity

Nov 2032

Rating

CRISIL  AAA

Type of Bond

Secured - Regular Bond/Debenture

Yield

7.6800%

Price

₹ 10,48,417.95

National Bank For Agriculture And Rural Development

Coupon

7.5800%

Maturity

Jul 2026

Rating

Ind-Ra  AAA

Type of Bond

Unsecured - Regular Bond/Debenture

Yield

7.5574%

Price

₹ 1,06,254.54

Rec Limited

Coupon

7.6000%

Maturity

Feb 2026

Rating

CRISIL  AAA

Type of Bond

Unsecured - Regular Bond/Debenture

Yield

7.5500%

Price

₹ 1,01,882.45