Meghalaya Energy Corporation Ltd

About Meghalaya Energy Corporation Ltd bond with ISIN: INE760I07086

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE760I07086, represents a significant financial instrument. Issued by MEGHALAYA ENERGY CORPORATION LTD, it comes with the following description: "10.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND LETTER OF ALLOTMENT DATE OF MATURITY 03/04/2033.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, MEGHALAYA ENERGY CORPORATION LTD, classified as Public Sector Undertaking (PSU), plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U40101ML2009SGC008374 further bolster its credibility. With a coupon rate of 10.55, this instrument has been meticulously managed with the assistance of Datamatics Financial Services Limited and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 240.7. It was allotted on 4/3/2023 and is scheduled for redemption on 4/3/2033. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of A- as provided by BRICKWORK RATINGS INDIA PRIVATE LIMITED. In the market, ratings typically range from D to AAA, and a rating of A- is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: UNCONDITIONAL & IRRECOVERABLE GOVERNMENT OF MEGHALAYA GUARANTEE FOR TIMELY REPAYMENT OF INTEREST AND PRINCIPAL AND WILL REMAIN IN FORCE TILL THE MATURITY – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, BRICKWORK RATINGS INDIA PRIVATE LIMITED_31-07-2024, Acuite Ratings And Research Limited_17-01-2024, Acuite Ratings And Research Limited_-, BRICKWORK RATINGS INDIA PRIVATE LIMITED_02-08-2023. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE760I07037 having a coupon rate of 11.45% and the bond with ISIN INE760I07078 having a coupon rate of 10.96% and the bond with ISIN INE760I07011 having a coupon rate of 11.64% and the bond with ISIN INE760I07029 having a coupon rate of 11.45%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.