Tamil Nadu Generation and Distribution Corporation Limited

Power

corporate

Tenure
9M
About Issuer
This A- rated bond from Tamil Nadu Generation and Distribution Corporation Limited, a corporate, offers a Fixed coupon of 9.7% with maturity on 24 December 2026. Issued through the Private placement as under ISIN INE340M08160, 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
Interest
Half Yearly
Principal
Principal
At maturity
COUPON RATE
9.70%
FACE VALUE
₹10,00,000
MATURITY DATE
24 Dec 2026
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE340M08160
Credit rating
Rating
[ICRA]A-
Rating Agency
ICRA
Date of Rating
28 Jun 2023
Other details
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