11.20% Midland Microfin Limited - A Rated (INE884Q07665)

Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q07665, with a face value of ₹10,00,000 rs on 01Jul22 to raise 30 crores. The debt instrument is issued with a coupon rate of 11.20% and its interest is paid Quarterly. 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 11.20% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 30/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 06Jul22. Acuite Ratings And Research Limited has given A- rating to this Debenture on 05Aug22. 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.