Description
Power Grid Corporation of India Limited has listed new debt securities worth Rs. 3,704 crore on BSE Debt segment with 7.02% interest rate and maturity date of December 12, 2035.
Summary
BSE has admitted new debt securities of Power Grid Corporation of India Limited to trading on the BSE Debt segment effective December 12, 2025. The securities were issued on a private placement basis with a face value of Rs. 1,00,000 per unit, totaling 370,400 units (Rs. 3,704 crore). The debentures carry a 7.02% annual interest rate and mature on December 12, 2035.
Key Points
- Scrip Code: 977364, Scrip ID: 702PGCIL35
- ISIN: INE752E08809
- Total Quantity: 370,400 units
- Face Value: Rs. 1,00,000 per unit
- Issue Price: Rs. 1,00,000 per unit
- Interest Rate: 7.02% per annum (paid annually)
- Credit Rating: CARE AAA/Stable, CRISIL AAA/Stable, ICRA AAA/Stable
- Allotment Date: December 12, 2025
- Maturity Date: December 12, 2035
- Trading only in dematerialized form
- Market Lot: 1 unit
- Tick Size: 1 paise
- No Put/Call options
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification.
Compliance Requirements
Trading members must note:
- Securities will be traded only in dematerialized form under ISIN INE752E08809
- Tick size is 1 paise
- Refer to Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
Important Dates
- Allotment Date: December 12, 2025
- Listing Date: December 12, 2025
- First Interest Payment: December 12, 2026
- Subsequent Interest Payments: Annually on December 12 until 2035
- Redemption Date: December 12, 2035
Impact Assessment
This is a routine debt securities listing with minimal market impact. Power Grid Corporation, a AAA-rated PSU, has successfully raised Rs. 3,704 crore through private placement. The 10-year tenure bonds offer competitive 7.02% annual returns. Impact is limited to debt market participants and institutional investors. No operational changes required for trading members beyond standard debt trading procedures.
Impact Justification
Routine listing of debt securities on private placement basis. No regulatory changes or compliance actions required from market participants.