{"id":565829,"date":"2023-03-27T09:51:00","date_gmt":"2023-03-27T04:21:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=565829"},"modified":"2023-03-27T10:58:52","modified_gmt":"2023-03-27T05:28:52","slug":"power-grid-corp-board-oks-raising-rs-600-cr-via-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-corp-board-oks-raising-rs-600-cr-via-bonds\/","title":{"rendered":"Power Grid Corp board OKs raising Rs 600 cr via bonds"},"content":{"rendered":"<p>Power Grid Corporation of India said that its board has approved to raise upto Rs 600 crore through issue of bonds on private placement basis.The company will issue unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd) upto Rs 600 crore on private placement basis. <\/p>\n<p>The total issue size of bond includes base issue size of Rs 100 crore, green shoe option of Rs 500 crore. The company will raise funds by securitizing cashflows of 10 years, which is till FY 2032-33 of its operational special purpose vehicle (SPV), POWERGRID NM Transmission (PNMTL). Bonds are redeemable at par in 40 equal instalments and interest payment on quarterly basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Grid Corporation of India said that its board has approved to raise upto Rs 600 crore through issue of bonds on private placement basis.The company will issue unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd) upto Rs 600 crore on private placement basis. The total issue size of bond includes base issue size of Rs 100 crore, green shoe option of Rs 500 crore. The company will raise funds by securitizing cashflows of 10 years, which is till FY 2032-33 of its operational special purpose vehicle (SPV), POWERGRID NM Transmission (PNMTL). Bonds are redeemable at par in 40 equal [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-565829","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565829","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=565829"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565829\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=565829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=565829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=565829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}