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Instrument Details

ISIN: INE884Q08101

Face value

₹10,000

Coupon rate

10.85%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

12

Instrument Type

Debenture

Returns

High

Date of Issue

30 Sep 2019

Maturity Date

29 Mar 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

MIDLAND MICROFIN LIMITED SR IV 10.85 NCD 29MR26 FVRS10000
Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q08101, with a face value of ₹10,000 rs on 30Sep19 to raise 12 crores. The debt instrument is issued with a coupon rate of 10.85% 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 Unsecured Debenture is 10.85% UNSECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBT BONDS IN THE NATURE OF DEBENTURE. SERIES - IV. DATE OF MATURITY 29/03/2026. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. 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.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

10.85%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Jalandhar
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE884Q08101 issued by Midland Microfin Limited

The instrument name of INE884Q08101 ISIN is MIDLAND MICROFIN LIMITED SR IV 10.85 NCD 29MR26 FVRS10000.
The interest earned from the INE884Q08101 bond issued by Midland Microfin Limited is paid at the time of maturity
This INE884Q08101 bond issued by Midland Microfin Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 10.85%, which determines the periodic interest payments made to bondholders.
The INE884Q08101 Debenture is issued by Midland Microfin Limited, a Private Sector company.
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