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

Indian Officials To Visit US Next Week To Finalise Text For Interim Trade Agreement
Indian Officials To Visit US Next Week To Finalise Text For Interim Trade Agreement
MMRDA Presents ₹48,072 Crore Surplus Budget For 2026–27, Marks First Positive Turn Since...
MMRDA Presents ₹48,072 Crore Surplus Budget For 2026–27, Marks First Positive Turn Since...
Better Seats, More Flights: Air India Details 2026 Upgrades For London, Toronto, And Melbourne
Better Seats, More Flights: Air India Details 2026 Upgrades For London, Toronto, And Melbourne
ED Files Chargesheet In ₹61,700 Crore Videocon Bank Fraud, Delhi Court Issues Notices To Dhoot
ED Files Chargesheet In ₹61,700 Crore Videocon Bank Fraud, Delhi Court Issues Notices To Dhoot
Investors May Lift Equity Exposure To 60–65 Per Cent As Medium-Term Market Outlook Strengthens: PL...
Investors May Lift Equity Exposure To 60–65 Per Cent As Medium-Term Market Outlook Strengthens: PL...