Tamil Nadu Generation and Distribution Corporation Limited - INE340M08152
Power
corporate
Coupon Rate
10.00%
Maturity Date
08 Feb 2026
ISIN
INE340M08152
Face Value
₹10,00,000
About Issuer
This A- rated bond from Tamil Nadu Generation and Distribution Corporation Limited, a corporate, offers a Fixed coupon of 10% with maturity on 08 February 2026. Issued through the Private placement as under ISIN INE340M08152, 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.
Key Attributes
Rating
[ICRA]A- (Stable)
Tax Status
Taxable
Mode of Issue
Public
Private
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Half Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
08 Feb 2016
Remaining Tenure
147D
Security Name
TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-II 10 BD 08FB26 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]A- (Stable)
Date of Rating
28 Jun 2023
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