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10.96%Meghalaya Energy Corporation Limited 17 Feb 2031

ISIN:
INE760I07078
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Taxable

Tax Category

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17 Feb, 2031

Maturity Date
(6 Yr 7 Mo 24 D to mature)

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Quarterly

Interest Payment Frequency

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No

NRI Eligibility

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18 Feb, 2021

Allotment Date

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NA

Put Date

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10 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A-(CE) Stable
ACUITE
A-(CE) Stable
BWR
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Meghalaya Energy Corporation Limited

Meghalaya Energy Corporation Limited (MECL) is a state-owned electric utility company which was incorporated in the year 2009. The company is headquartered in Shillong and is engaged in the business of generation, transmission and distribution of hydro power.

The ratio in FY23 is 6.85x and it was 3.35x in FY22, indicating increase in debt levels, due to increase in borrowings.

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Debt/EBITDA

The ratio in FY23 1.99x and it was 2.28x in FY22, indicating decrease  in issuers debt servicing ability of the issuer, due to decrease  in profits.

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Interest coverage ratio

Recent News
News Thumbnail
Financial Bid Opening

Jun 01, 2023 | Meghalaya Energy Corporation Limited

News Thumbnail
Umiam Dam Rehabilitation Underway to Extend Lifespan by 35-40 Years

Apr 08, 2024 | Meghalaya Energy Corporation Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹110.8905
Price
9.0700%
Yield
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BOND VALUE DETAILS

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Market Value
Stamp Duty
Total Investment
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