Bond PowerGrid Corp 8.8% ( INE752E07FY6 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07FY6 ( in INR )
Interest rate	8.8% per year ( payment 1 time a year)
Maturity	29/09/2019 - Bond has expired
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Minimal amount	1 250 000 INR
Total amount	1 943 750 000 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 notable fixed-income instrument, bearing the ISIN INE752E07FY6, has concluded its term, having been issued by Power Grid Corporation of India Limited, a key player in the nation's infrastructure. Power Grid Corporation, as India's largest electric power transmission utility and a central public sector undertaking under the Ministry of Power, Government of India, plays an indispensable role in ensuring the efficient and reliable transmission of bulk electricity across the country. This specific obligation, denominated in Indian Rupees (INR) and originating from India, featured a coupon rate of 8.8% with interest payments disbursed annually. The total issuance size for this bond was INR 1,943,750,000, with a minimum investment unit set at INR 1,250,000. Upon its maturity on September 29, 2019, the bond's market price stood at 100% of its face value, signifying that the principal was fully repaid to investors, marking a successful redemption for this debt security.