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Security Name: 11.01% Meghalaya Energy Corporation Limited 14 Jan 2031

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ISIN:
INE760I07060
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Taxable

Tax Category

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14 Jan, 2031

Maturity Date
(6 Yr 21 D to mature)

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Quarterly

Interest Payment Frequency

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Yes

NRI Eligibility

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15 Jan, 2021

Allotment Date

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NA

Put Date

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10 Mar, 2025

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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Non-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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Quote Not Available

Dirty Price

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11.01%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*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
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 the debt servicing ability of the issuer due to decrease in the profitability.

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Interest coverage ratio

Recent News
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Financial Bid Opening

Jun 01, 2023 | Meghalaya Energy Corporation Limited

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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.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE760I07060
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
11.01% Meghalaya Energy Corporation Limited 14 Jan 2031
Credit Rating
A-(CE) Stable by ACUITE
Coupon Frequency
Quarterly
Face Value
₹10,00,000
Coupon
11.010000%
YTM or YTC
YTM
Maturity Date
14/01/2031
Security
Senior Secured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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