Bond PowerGrid Corp 8.8% ( INE752E07GA4 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07GA4 ( in INR )
Interest rate	8.8% per year ( payment 1 time a year)
Maturity	29/09/2021 - 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. This financial analysis focuses on a specific fixed-income instrument, an Indian Rupee-denominated bond identified by the ISIN INE752E07GA4, issued by Power Grid Corporation of India Limited, a prominent state-owned electric utility company primarily engaged in power transmission across India, playing a critical role as a Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, in building and maintaining the nation's inter-state transmission system. This bond featured an annual interest rate of 8.8% and had a total issue size of INR 1,943,750,000, with a minimum investment threshold set at INR 1,250,000, indicating its likely targeting towards institutional or high-net-worth individual investors. The instrument reached its stipulated maturity date on September 29, 2021, and has since been fully redeemed, meaning all outstanding principal and final coupon payments have been disbursed to bondholders, concluding its lifecycle within the fixed-income market.