Security Name: 11.01% Meghalaya Energy Corporation Limited 20 Dec 2030
ISIN:
INE760I07045
Taxable
Tax Category
20 Dec, 2030
Maturity Date
(5 Yr 9 Mo 24 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
21 Dec, 2030
Allotment Date
NA
Put Date
10 Mar, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
11.01%
Coupon
Fixed Interest
Coupon Basis
9.8878%
Current Yield
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
Financial Bid Opening
Jun 01, 2023 | Meghalaya Energy Corporation Limited
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
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE760I07045 |
|---|
| 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 20 Dec 2030 |
| Credit Rating |
|---|
| A-(CE) Stable by ACUITE |
| Coupon Frequency |
|---|
| Quarterly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 11.010000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 20/12/2030 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹11,13,489 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹11,13,490 |
| Price |
|---|
| ₹111.3489 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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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