Midland Microfin Limited - INE884Q07731
Microfinance
corporate
Coupon Rate
12.25%
Maturity Date
19 Mar 2026
ISIN
INE884Q07731
Face Value
₹6,666.67
About Issuer
This A- rated bond from Midland Microfin Limited, a corporate, offers a Floating coupon of 12.25% with maturity on 19 March 2026. Issued through the Private placement as under ISIN INE884Q07731, 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)
Tax Status
Taxable
Mode of Issue
Public
Private
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Quarterly
Principal Frequency
-
Coupon Type
Floating
Sector
corporate
Total Issue Size
-
Allotment Date
19 Sep 2024
Remaining Tenure
7M
Security Name
MIDLAND MICROFIN LIMITED 12.25 NCD 19MR26 FVRS10000
Risk Assessment
Credit Rating
Rating
ACUITE A- (Negative)
Date of Rating
22 Jan 2025
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