Midland Microfin Limited - INE884Q07707
Microfinance
corporate
Coupon Rate
10.75%
Maturity Date
02 Jul 2026
ISIN
INE884Q07707
Face Value
₹1,00,000
About Issue
This A- rated bond from Midland Microfin Limited, a corporate, offers a Fixed coupon of 10.75% with maturity on 02 July 2026. Issued through the Private placement as under ISIN INE884Q07707, with a solid investment-grade rating, this bond offers an attractive opportunity for investors willing to accept moderate credit risk in exchange for higher yields. An ideal pick for investors aiming to boost portfolio returns, while staying within the boundaries of credible credit quality in the NBFC space.
Key Attributes
Rating
ACUITE A- (Negative)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Monthly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
02 Jul 2024
Remaining Tenure
11M
Security Name
MIDLAND MICROFIN LIMITED 10.75 NCD 02JL26 FVRS1LAC
Risk Assessment
Credit Rating
Rating
ACUITE A- (Negative)
Date of Rating
22 Jan 2025
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