Power Grid Corporation of India Limited has informed the Exchange regarding Raising of Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXXII (82nd) Issue 2025-26 on Private Placement.
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Grid Corporation has approved raising up to Rs. 5,000 crore through unsecured, non-convertible, non-cumulative, redeemable, taxable bonds on a private placement basis. The issue has a base size of Rs. 1,000 crore with a green shoe option of Rs. 4,000 crore, taking the total to Rs. 5,000 crore. The bonds will have a 10-year tenure, are redeemable at par, and will pay interest annually. The final coupon rate will be determined through bidding on the Electronic Book Provider (EBP) platform. The bonds will be listed on both BSE and NSE. The decision was taken by the Committee of Directors for Bonds on 5th August 2025.
This is a routine debt-raising exercise by Power Grid to fund its capital expenditure or refinance existing debt. Since the bonds are unsecured and privately placed, existing shareholders are not directly affected. The actual cost of borrowing (coupon rate) will be known after bidding and will indicate current bond market appetite for the company.