Description
BSE announces listing of ₹500 crore debt securities issued by POWER GRID CORPORATION with 6.98% interest rate and 10-year maturity.
Summary
BSE has listed new debt securities of POWER GRID CORPORATION OF INDIA LIMITED worth ₹500 crore issued on private placement basis. The securities carry a 6.98% per annum interest rate with annual interest payments and mature on August 12, 2035.
Key Points
- Quantity: 500,000 securities with face value of ₹1,00,000 each
- Scrip Code: 977015, ISIN: INE752E08791
- Credit Rating: CARE AAA, CRISIL AAA, ICRA AAA (highest investment grade)
- Interest Rate: 6.98% per annum paid annually
- Trading only in dematerialized form with 1 paise tick size
- Effective listing date: August 12, 2025
Regulatory Changes
No regulatory changes. Standard debt securities listing procedure.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities to be traded under specified ISIN number
- Tick size of 1 paise to be observed
- Reference to placement memorandum available on BSE website for details
Important Dates
- Date of Allotment: August 12, 2025
- Listing Effective Date: August 12, 2025
- First Interest Payment: August 12, 2026
- Maturity Date: August 12, 2035
- Interest Payment Frequency: Annually from 2026 to 2035
Impact Assessment
Minimal market impact as this is a routine private placement debt securities listing. The AAA credit rating and government backing of POWER GRID provides high credit quality for debt investors. No impact on equity markets or broader trading operations.
Impact Justification
Routine debt securities listing with standard terms and conditions