10.80% Midland Microfin Limited - A Rated (INE884Q08176)

Midland Microfin Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE884Q08176, with a face value of ₹10,000 rs on 09Feb21 to raise 27.52 crores. The debt instrument is issued with a coupon rate of 10.80% 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 Unsecured Debenture is 10.80% UNSECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES V. DATE OF MATURITY 08/02/2031. 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. 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.