Security Name: 8.20% IndiGrid Infrastructure Trust 06 May 2031
ISIN:
INE219X07264
Taxable
Tax Category
06 May, 2031
Maturity Date
(6 Yr 1 Mo 22 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
06 May, 2021
Allotment Date
NA
Put Date
06 May, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.2%
Coupon
Fixed Interest
Coupon Basis
8.0805%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
IndiGrid Infrastructure Trust
IndiGrid is India's first and largest publicly listed Infrastructure Investment Trust (InvIT) in the sector. It owns, operates, and manages power transmission, renewable generation, and energy storage assets that deliver reliable power throughout India. IndiGrid was established on October 21, 2016, and is registered with SEBI following the InvIT Regulations. Backed by KKR, IndiGrid is India’s first yield platform in the power sector offering investors an attractive cash yield, backed by AAA-rated cash flows from the long-term operating transmission, solar, and energy storage assets.
In FY24 it is 13.87x compared to 7.17x in FY23. It indicates that the company’s debt is increasing due to increase in Interest on financial liabilities measured at amortized cost, which resulted in total increase in finance cost in FY24.
Debt/EBITDA
In FY24 it is 1.80x and in FY23 was 2.02x, indicating the decreased debt servicing ability of the issuer due to increase in finance cost.
Interest coverage ratio
Recent News
ReNew to sell 300 MW solar project to India Grid Trust for Rs 1550 crore
Mar 27, 2024 | IndiGrid Infrastructure Trust
IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig
Mar 27, 2024 | IndiGrid Infrastructure Trust
Alberta investment, HDFC Life to invest Rs 667 cr in India Grid Trust
Sep 02, 2024 | IndiGrid Infrastructure Trust
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PAN Card
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Principal Amount
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BOND VALUE DETAILS
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Stamp Duty
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Total Investment
| Cashflow for INE219X07264 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.20% IndiGrid Infrastructure Trust 06 May 2031 |
| Credit Rating |
|---|
| AAA Stable by IND AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 8.200000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 06/05/2031 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Mar 17,2025 |
| Principal Amount |
|---|
| ₹1,014.79 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,014.79 |
| Price |
|---|
| ₹101.4793 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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