Bond PowerGrid Corp 8.4% ( INE752E07MV8 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07MV8 ( in INR )
Interest rate	8.4% per year ( payment 1 time a year)
Maturity	27/05/2029
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Minimal amount	1 000 000 INR
Total amount	2 440 000 000 INR
Next Coupon	27/05/2026 ( In 53 days )
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. An investment opportunity is presented by the bond identified with ISIN INE752E07MV8, issued by Power Grid Corporation, an Indian Maharatna Public Sector Undertaking operating under the Ministry of Power, Government of India, which serves as the nation's largest electric power transmission utility and is vital for managing the bulk of India's inter-state and inter-regional transmission systems, thus being central to the country's energy infrastructure, with this specific fixed-income instrument currently trading at 100% of its face value on the market and offering an annual interest rate of 8.4% denominated in Indian Rupees (INR), maturing on May 27, 2029, as part of a total issuance size of INR 2,440,000,000, and requiring a minimum investment of INR 1,000,000.