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IndiGrid NCD issue opens; chance to lock in 8.2% yield on safest paper
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NEW DELHI: The public issue of non-convertible debt (NCD) securities by IndiGrid, an infrastructure investment trust that owns a number of assets in the power sector, opened for subscription on Wednesday. The NCD promises up to 8.2 per cent interest per annum, a considerably high yield on a paper with highest rating in a low interest rate environment. This issue has been rated AAA/Stable by Crisil and ‘AAA/Stable’ by India Ratings.
The securities will be allocated on a first come-first served basis. QIBs and NIIs will be allocated 10 per cent each of the total issue size and HNIs and retail investors will be allocated 40 per cent each. ....

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