Current Context: Power Grid Corporation’s board has approved the private placement of up to 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.
