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

Sensex Poised For 13% Gain To 95,000 By Year-End: Report

Sensex Poised For 13% Gain To 95,000 By Year-End: Report

GCCs Drive Record Office Leasing Surge Across India In 2025

GCCs Drive Record Office Leasing Surge Across India In 2025

Labour Codes To Boost Social Security For Mine Workers: Minister Shobha Karandlaje

Labour Codes To Boost Social Security For Mine Workers: Minister Shobha Karandlaje

Inox Clean Energy Bags ₹3,100 Crore Funding Ahead Of IPO

Inox Clean Energy Bags ₹3,100 Crore Funding Ahead Of IPO

Hindustan Zinc Confirms Timely Dematerialisation Compliance, Processes All Securities Within 15-Day...

Hindustan Zinc Confirms Timely Dematerialisation Compliance, Processes All Securities Within 15-Day...