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Prospect News home > News index > List of issuers I > Headlines for India Grid Trust > News item
Published on 6/5/2019 in the Prospect News Emerging Markets Daily.

New Issue: India Grid Trust allots Rs. 14 billion of 9.1% three-year debentures

By Sarah Lizee

Olympia, Wash., June 5 – India Grid Trust’s investment manager, Sterlite Investment Managers Ltd., informed the Bombay Stock Exchange that India Grid allotted Rs. 14 billion of 9.1% secured redeemable nonconvertible debentures.

The debentures mature in three years and were issued through a private placement, according to a notice.

They will be listed on BSE Ltd.

Issuer:India Grid Trust
Issue:Secured redeemable nonconvertible debentures
Amount:Rs. 14 billion
Maturity:June 3, 2022
Coupon:9.1%
Allotment date:June 4
Rating:Crisil: AAA

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