10.55% MEGHALAYA ENERGY CORPORATION LIMITED 2033

Information Memorandum (I.M.)
Term Sheet
INE760I07086
*(Eligible Investors - Individual,NRI,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
Acuite (SMERA) A-(CE) Stable - -

Issuer's Type

PSU

About Issuer :

The newly formed corporations are the Meghalaya Energy Corporation Limited (Me.E.C.L),’ the holding company’, Meghalaya Power Distribution Corporation Limited (Me.P.D.C.L), ‘the distribution utility arm’, Meghalaya Power Generation Corporation Limited (Me.P.G.C.L), ‘the generation utility arm’, and Meghalaya Power Transmission Corporation Limited (Me.P.T.C.L), ‘the transmission utility arm’.

Issuer's Link

http://meecl.nic.in/

Issuer's Financial Link

https://meecl.nic.in/index.php/accounts/


A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)

Face Value

1,00,000.00

Coupon Rate

10.5500% (Fix)

Issue Date

03/Apr/2023

Maturity Date

03/Apr/2033

Remaining Period

8y 8m 10d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Quarterly

Issue Size (in Crores)

240.70

Max. Available Quantity

1

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

State Government

Security

Secured


Name of Debenture Trustee

IDBI Trusteeship Services Limited


Remarks

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.