Sterlite Grid issues top-rated bonds


Sterlite Power Grid Ventures, India’s largest private developer of independent power transmission systems, successfully closed a ₹9.25 billion (US$135 million) issuance of listed, taxable, secured, redeemable, non-convertible debentures for its East North Interconnection Company subsidiary. The issue is rated AAA (SO) by CRISIL and India Ratings. IDFC, Kotak Mahindra Bank and DSP Blackrock subscribed to the issue on the day of the issuance.

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