10.85% Midland Microfin Limited - A Rated (INE884Q08119)

Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q08119, with a face value of ₹10,000 rs on 29Oct19 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 28/04/2026. 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. Acuite Ratings And Research Limited has given A- rating to this Debenture on 24Apr24. 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.