BL Research Bureau
IndiGrid Trust (IndiGrid), a power sector infrastructure investment trust (InvIT), is offering redeemable Non-convertible debentures (NCD) to the public from April 28 and will close on April 30, 2021.
The company is offering NCDs for 3-, 5-, 7- and 10-year timeframes with only non-cumulative option. The rates of interest offered for these time periods are 6.75 per cent, 7.6 per cent, 7.9 per cent and 8.2 per cent per annum respectively. These rates are in case of NCDs with annual interest pay-out schemes. The company also offers quarterly coupon payment option for 7- and 10-year NCDs, in which case the applicable interest rates are 7.69 per cent and 7.97 per cent respectively.