Tamil Nadu Generation and Distribution Corporation Limited - INE340M08178

Power

corporate

Coupon Rate
9.25%
Maturity Date
27 Mar 2027
ISIN
INE340M08178copy
Face Value
₹10,00,000
About Issue
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.
Key Attributes
Rating
[ICRA]A- (Stable)
Mode of Issue
Public
Private
Tax Saving
Yes
No
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
27 Mar 2017
Remaining Tenure
20M
Security Name
TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-III 9.25 BD 27MR27 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]A- (Stable)
Date of Rating
28 Jun 2023
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