PowerGrid issues non-convertible bonds worth Rs 600 cr

PowerGrid issues non-convertible bonds worth Rs 600 cr

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”

FPJ Web DeskUpdated: Friday, March 24, 2023, 12:11 PM IST
article-image
PowerGrid issues non-convertible bonds worth Rs 600 cr | Image: Wikipedia (Representative)

Power Grid Corporation of India informed that the Committee of Directors for Bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds-LXXII (72nd) Issue 2022-23 on Private placement upto Rs. 600 cr, via an exchange filing.

The issue is by securitization of cashflows of 10 years i.e. till FY 2032-33 of its operational SPV viz. “POWERGRID NM Transmission Limited (PNMTL)”.

The disclosure is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

RECENT STORIES

India Overtakes Japan To Become World’s Fourth-Largest Economy

India Overtakes Japan To Become World’s Fourth-Largest Economy

SEBI Cancels 'Research Analyst' Registration After Finding Holder Ran Grocery Shop In Madurai

SEBI Cancels 'Research Analyst' Registration After Finding Holder Ran Grocery Shop In Madurai

Deepa Jewellers Files IPO Papers With SEBI, Plans ₹250 Crore Fresh Issue

Deepa Jewellers Files IPO Papers With SEBI, Plans ₹250 Crore Fresh Issue

Sensex, Nifty End Slightly Lower In Thin Year-End Trade, Foreign Fund Selling Weighs On Markets

Sensex, Nifty End Slightly Lower In Thin Year-End Trade, Foreign Fund Selling Weighs On Markets

Rupee Rises 14 Paise To Close At 89.84 Against The US Dollar

Rupee Rises 14 Paise To Close At 89.84 Against The US Dollar