Tamil Nadu Generation and Distribution Corporation Limited
Power
corporate
Power
corporate
Tenure
12M
Tenure
12M
About Issuer
This A- rated bond from Tamil Nadu Generation and Distribution Corporation Limited, a corporate, offers a Fixed coupon of 9.25% with maturity on 27 March 2027. Issued through the Private placement as under ISIN INE340M08178, with a solid investment-grade rating, this bond offers an attractive opportunity for investors willing to accept moderate credit risk in exchange for higher yields. An ideal pick for investors aiming to boost portfolio returns, while staying within the boundaries of credible credit quality in the NBFC space.
Summary
Interest
Half Yearly
Principal
At maturity
COUPON RATE
9.25%
FACE VALUE
₹10,00,000
MATURITY DATE
27 Mar 2027
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE340M08178
Credit rating
Rating
[ICRA]A-
Rating Agency
ICRA
Date of Rating
28 Jun 2023
Rating
[ICRA]A-
Rating Agency
ICRA
Date of Rating
28 Jun 2023
Other details
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