Bond PowerGrid Corp 9.47% ( INE752E07EO0 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07EO0 ( in INR )
Interest rate	9.47% per year ( payment 1 time a year)
Maturity	31/03/2018 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 250 000 INR
Total amount	587 500 000 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 specific debt instrument, identified by the ISIN code INE752E07EO0, previously issued by Power Grid Corporation of India Limited, has reached its maturity and was successfully redeemed. Power Grid Corporation, a prominent public sector undertaking headquartered in India, holds a critical position within the nation's electricity transmission sector, owning and operating a significant portion of its inter-state transmission system. The bond, denominated in Indian Rupees (INR), carried an attractive annual coupon rate of 9.47%, reflecting the prevailing market conditions and offering substantial returns to its holders. The total initial issuance size for this particular bond was INR 587,500,000, with a minimum investment threshold set at INR 1,250,000 per lot, targeting primarily institutional investors or high-net-worth individuals. This bond, issued from India, matured on March 31, 2018, and was redeemed at 100% of its face value, ensuring that all principal was returned to bondholders upon its expiration. The successful and timely repayment underscores the issuer's financial stability and commitment to its debt obligations within the Indian financial landscape.