Bond PowerGrid Corp 8.84% ( INE752E07HV8 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07HV8 ( in INR )
Interest rate	8.84% per year ( payment 1 time a year)
Maturity	21/10/2021 - Bond has expired
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Minimal amount	1 250 000 INR
Total amount	2 906 250 000 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. The Indian Rupee-denominated bond (ISIN: INE752E07HV8) issued by Power Grid Corporation, a prominent public sector undertaking (PSU) under the Ministry of Power, Government of India, and the central transmission utility of the country, has successfully reached its maturity date of October 21, 2021, and has since been fully redeemed and repaid, concluding its lifecycle within the financial markets; this specific debt instrument, which carried an annual interest rate of 8.84%, was part of a larger issuance totaling INR 2,906,250,000, with a minimum initial purchase size set at INR 1,250,000 per unit, and was ultimately redeemed at its par value of 100% on its designated maturity.