Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q07590, with a face value of ₹10,000 rs on 01May20 to raise 9.3 crores. The debt instrument is issued with a coupon rate of 16% 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 16% SECURED, UNRATED, UNLISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES. SERIES VII. DATE OF MATURITY 30/04/2026. This instrument is issued in Private Placement mode. It has Simple 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.