Bond Directory / MIDLAND MICROFIN LIMITED

MIDLAND MICROFIN LIMITED

ACTIVE

13.20% SECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 28/09/2029

ISIN

INE884Q07657

Copied

Essentials

Coupon Rate (Returns)

13.2

Rating

A-  Acuite Ratings And Research Limited

Interest Payment Frequency

SEMI ANNUALLY

Two Times Every Year

Maturity after

2 years 9 months

Sep 28, 2026

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

30 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement (non-EBP)

Issuer Details

MIDLAND MICROFIN LIMITED

Business Sector

165

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

*Rating Agency -Acuite Ratings And Research Limited

Issue Size

Medium

Rating Category*

A

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

A

Tax Saving

No

Issue Type

Private Placement (non-EBP)

Coupon Type

Simple

*Rating Agency - Acuite Ratings And Research Limited

Note: Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government). The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A-

(Aug 05, 2022)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

You may also like...

Aye Finance Private Limited

Coupon

10.6000%

Maturity

Jan 2025

Rating

Ind-Ra  A-

Type of Bond

Secured - Regular Bond/Debenture

Yield

11.0000%

Price

₹ 84,177.22

Yes Bank Limited

Coupon

9.0000%

Maturity

Mar 2026

Rating

CARE  A

Type of Bond

Subordinate Debt Tier 2

Yield

9.5000%

Price

₹ 10,48,953.00

Yes Bank Limited

Coupon

8.0000%

Maturity

Sep 2026

Rating

CARE  A

Type of Bond

Unsecured - Regular Bond/Debenture

Yield

9.5000%

Price

₹ 9,76,223.60

Earlysalary Services Private Limited

Coupon

11.7500%

Maturity

Mar 2025

Rating

CARE  BBB+

Type of Bond

Secured - Regular Bond/Debenture

Yield

12.2597%

Price

₹ 1,02,343.58

Spandana Sphoorty Financial Limited

Coupon

10.7500%

Maturity

Sep 2025

Rating

Ind-Ra  A

Type of Bond

Secured - Regular Bond/Debenture

Yield

11.2884%

Price

₹ 99,823.77

Spandana Sphoorty Financial Limited

Coupon

10.7500%

Maturity

Mar 2025

Rating

Ind-Ra  A

Type of Bond

Secured - Regular Bond/Debenture

Yield

11.2883%

Price

₹ 99,823.77

Indostar Capital Finance Limited

Coupon

9.9500%

Maturity

Aug 2025

Rating

CRISIL  AA-

Type of Bond

Secured - Regular Bond/Debenture

Yield

10.9000%

Price

₹ 99,789.87

Indostar Capital Finance Limited

Coupon

9.8500%

Maturity

Aug 2026

Rating

CRISIL  AA-

Type of Bond

Secured - Regular Bond/Debenture

Yield

10.9000%

Price

₹ 98,531.71