{"id":565447,"date":"2023-03-24T15:47:09","date_gmt":"2023-03-24T10:17:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=565447"},"modified":"2023-03-24T15:47:09","modified_gmt":"2023-03-24T10:17:09","slug":"power-grid-corporation-board-okays-raising-rs-600-crore-via-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-corporation-board-okays-raising-rs-600-crore-via-bonds\/","title":{"rendered":"Power Grid Corporation board okays raising Rs 600 crore via bonds"},"content":{"rendered":"<p>State-owned Power Grid Corporation&#8217;s board has approved rasing up to Rs 600 crore through bonds to be issued on private placement basis.<\/p>\n<p>&#8220;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 up to Rs 600 crore by securitisation of cash flows of 10 years i.e. till FY 2032-33 of its operational SPV (special purpose vehicle) viz. &#8216;POWERGRID NM Transmission Ltd&#8217; (PNMTL),&#8221; a BSE filing stated.<\/p>\n<p>It showed that the total issue size is Rs 600 crore, which includes base issue size of Rs 100 crore and green shoe option of Rs 500 crore.<\/p>\n<p>The bonds will be listed at BSE and\/or NSE. Bonds are redeemable at par in 40 equal instalments and interest payment on quarterly basis, it stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Power Grid Corporation&#8217;s board has approved rasing up to Rs 600 crore through bonds to be issued on private placement basis. &#8220;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 up to Rs 600 crore by securitisation of cash flows of 10 years i.e. till FY 2032-33 of its operational SPV (special purpose vehicle) viz. &#8216;POWERGRID NM Transmission Ltd&#8217; (PNMTL),&#8221; a BSE filing stated. It showed that the total issue size is Rs 600 crore, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-565447","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=565447"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565447\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=565447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=565447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=565447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}