Meghalaya Energy Corporation Apr ’33
Meghalaya Energy Corporation Apr ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.15%.
Data as of 20 Oct 2026
14% above face value
You pay ₹1,14,149 against a face value of ₹1,00,000, about 14% more. Part of any premium is simply interest accrued since the last coupon, but on this bond that can account for at most about 3% - it pays quarterly at a 10.55% coupon. The remainder is a genuine premium: you are paying above face for the yield on offer, and your capital at risk is the full ₹1,14,149, not the face value.
How this yield compares
About this bond
Meghalaya Energy Corporation Apr ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.15%. It pays a coupon of 10.55% and matures on 3 Apr 2033, a remaining tenure of about 6.5 yr. It is rated A-, an adequate credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.1L.
Its 8.15% yield is solid for its risk band, toward the lower end at 290th of 319 Corporate bonds. That trails the Corporate median of 10.50% by 2.35 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 1.60 points for taking on credit risk. Its medium 6.5 yr horizon balances rate lock-in against flexibility. Paired with its high safety (A-) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Hella Infra Market (INE06E507579) at 16%, Hella Infra Market Retail (INE0P6G07194) at 15.1% and Lucina Land (INE0JZO07057) at 13.35%.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 8.15% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 6.5 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.15% | ₹1,65,794 |
| 5% slab | 7.74% | ₹1,61,804 |
| 20% slab | 6.52% | ₹1,50,318 |
| 30% slab | 5.71% | ₹1,43,049 |
At a 10.55% coupon, ₹1,00,000 of face value pays about ₹10,550 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,055 a year is withheld as TDS - adjustable against your final liability, not an extra tax.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 6.5 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the A- credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Mar, Jun, Sep, Dec, with about 26 payments still to come before 3 Apr 2033, each at the 10.55% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.
