Power Grid Corporation Raises Rs 600 crore Through Bonds

March 24, 2023
Current Context: Power Grid Corporation’s board has approved the private placement of up to Rs 600 crore through bonds.
Power Grid Corporation Raises Rs 600 crore Through Bonds
  • Committee of directors for bonds has approved the raising of taxable 72nd Powergrid Bonds to be issued in 2022-23.
  • These will b e issued in private placement worth Rs 600 crore by securitisation of cash flows until 2032-33.
  • This will be in tune with the operational SPV (special purpose vehicle) through POWERGRID NM Transmission Ltd' (PNMTL).
  • The total issue size is Rs 600 crore including issue size of Rs 100 crore and green shoe option of Rs 500 crore.
  • The bonds will be listed at BSE and NSE.

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience