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Midland Microfin Limited 10% 2031 Bond

ISININE884Q08226

MIDLAND MICROFIN LIMITED SR VI 10 NCD 01JL31 FVRS10000

Midland Microfin Limited is a corporate (non-PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 40 of its bonds, 1 available on Grip.

Key terms

Issue date
2 Jul 2021
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Series
SERIES VI
Sector
Non-Banking Financial Company (NBFC)
Issuer type
Corporate
Issuer nature
NBFC

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

Acuité A- / Negative

A-most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

A-grade bonds are judged to have adequate-to-strong repayment capacity, but they are somewhat more exposed to adverse business or economic conditions than higher-rated bonds. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ACUITE A-/Negative

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 10.38% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

40 scheduled payments through 1 Jul 2031; final payment ₹10,250 per bond.

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Available on Grip

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