Security Name: 8.69% North Eastern Electric Power Corporation Limited 26 Sep 2027
ISIN:
INE636F07258
Taxable
Tax Category
26 Sep, 2024
Call Date
(-7 Mo -16 D to call)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
26 Sep, 2019
Allotment Date
NA
Put Date
26 Sep, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.69%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
11 Sep, 2024
Record Date
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
North Eastern Electric Power Corporation Limited
Incorporated in April 1976, NEEPCO has been mandated to harness the power generation potential, both through the hydro and thermal power routes in the north-eastern region of India. NEEPCO assumes strategic importance to the power sector in the North East India as it meets around 35% of the overall regional power demand. NEEPCO has been conferred the Mini Ratna – Category I status by the GoI. NEEPCO has 12 power stations, and is the largest supplier of power to north-east India and is fully owned by NTPC.
The ratio in FY24 is 3.70x and it was 3.45x in FY23, indicating increase in debt level due to increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 2.18x and it was 2.26x in FY23, indicating slight decrease in debt servicing ability of the issuer due to slight decrease in the profitability due to dip in sales compared to previous years.
Interest coverage ratio
Recent News
NEEPCO issues warning as it prepares to release water due to turbine issue
Apr 15, 2024 | North Eastern Electric Power Corporation Limited
NTPC Green Tenders EPC Package with land for 300 MW solar projects
Jul 18, 2024 | North Eastern Electric Power Corporation Limited
North Eastern Electric Power Corporation reports standalone net profit of Rs 212.00 crore in the March 2024 quarter
Aug 22, 2024 | North Eastern Electric Power 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, send a request for the Information Memorandum. You will receive an email shortly.
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 INE636F07258 |
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| 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). |
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| Security Name |
|---|
| 8.69% North Eastern Electric Power Corporation Limited 26 Sep 2027 |
| Credit Rating |
|---|
| AA + /Stable by CARE AA + /Stable by ICRA |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.690000% |
| YTM or YTC |
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| YTC |
| Call Date |
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| 26/09/2024 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
