Bond PowerGrid Corp 7.97% ( INE752E07OA8 ) in INR

Issuer	PowerGrid Corp
Market price	100 % ⇌
Country	India
ISIN code	INE752E07OA8 ( in INR )
Interest rate	7.97% per year ( payment 1 time a year)
Maturity	15/07/2031
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Minimal amount	1 000 000 INR
Total amount	10 000 000 000 INR
Next Coupon	15/07/2026 ( In 102 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. This financial article details a significant debt instrument, an obligation, issued by Power Grid Corporation, a pivotal entity in India's critical infrastructure landscape, primarily responsible for the planning, implementation, operation, and maintenance of inter-state transmission systems and national load dispatch centers, ensuring the seamless flow of electricity across the vast Indian subcontinent, with this particular debt instrument originating from and regulated within India. The bond, identified by the International Securities Identification Number (ISIN) INE752E07OA8, is currently trading at 100% of its face value on the market, indicating its price at par, denominated in Indian Rupees (INR). It offers investors a fixed annual interest rate, or coupon, of 7.97%, providing a predictable income stream. The total size of this specific bond issuance amounts to a substantial INR 10,000,000,000, underscoring the scale of Power Grid Corporation's financing needs and its capacity to raise significant capital from the debt markets. For potential investors, the minimum purchase size is set at INR 1,000,000, which typically targets institutional buyers or high-net-worth individuals, making it accessible to a specific segment of the investment community. This obligation carries a maturity date of July 15, 2031, defining its long-term nature, and features an annual payment frequency, meaning interest disbursements are made once a year to bondholders until the principal amount is repaid at maturity.