12% Midland Microfin Limited - BBB Rated (INE884Q07038)

Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q07038, with a face value of ₹10,000 rs on 04Jul14 to raise 0.927 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid on Maturity. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 12% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. OPTION 5. DATE OF MATURITY 04/01/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Jul14. CARE Ratings Limited has given BBB+ rating to this Debenture on 04Jul16. This issuer is formerly known as SAJAN HIRE PURCHASE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.