Bond PowerGrid Corp 9.25% ( INE752E07CV9 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07CV9 ( in INR )
Interest rate	9.25% per year ( payment 1 time a year)
Maturity	09/02/2020 - Bond has expired
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Minimal amount	1 250 000 INR
Total amount	256 250 000 INR
Detailed description	Power Grid Corporation of India Limited (PGCIL) is an Indian state-owned electric power transmission utility responsible for the development and operation of India's national power grid. A detailed financial overview of the bond identified by ISIN INE752E07CV9 reveals key characteristics associated with its issuance by Power Grid Corporation, a prominent Indian central public sector undertaking operating under the Ministry of Power, Government of India, and playing a critical role in the country's extensive electricity transmission network. This specific bond, denominated in Indian Rupees (INR), featured an annual interest rate of 9.25 percent, indicating a competitive yield for investors at the time of its issuance within the Indian market. The total size of this particular bond issue amounted to INR 256,250,000, with a stipulated minimum purchase size set at INR 1,250,000, catering to a specific segment of investors. Its payment frequency was established as annual. The bond reached its full maturity on February 9, 2020, at which point it was redeemed at its par value of 100% of the principal amount, confirming its successful repayment and the fulfillment of all financial obligations to its bondholders.