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Tamilnadu Generation and Distribution Corporation Limited 9.7% 2026 Bond

ISININE340M08160

TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-II 9.7 BD 24DC26 FVRS10LAC

Tamilnadu Generation and Distribution Corporation Limited is a public-sector (PSU) issuer in the Energy sector. This directory lists 2 of its bonds.

Key terms

Issue date
24 Dec 2016
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
SERIES II 2016-17
Sector
Energy
Issuer type
PSU

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

India Ratings A / Stable (CE)ICRA A- / Stable (CE)

A-most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

A-grade bonds are judged to have adequate-to-strong repayment capacity, but they are somewhat more exposed to adverse business or economic conditions than higher-rated bonds. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: IND A(CE)/Stable;ICRA A-(CE)/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 9.91% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

20 scheduled payments through 24 Dec 2026; final payment ₹10,48,500 per bond.

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