Security Name: 10.75% Midland Microfin Limited 27 Aug 2026
ISIN:
INE884Q07723
Taxable
Tax Category
27 Aug, 2026
Maturity Date
(1 Yr 6 Mo 1 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
27 Aug, 2024
Allotment Date
NA
Put Date
27 Mar, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.75%
Coupon
Fixed Interest
Coupon Basis
10.8929%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Midland Microfin Limited
MML has scripted its legacy over the past one decade and the institution’s geographic footprint spans over 12 States and 2 Union Territories with 436 branches. The branch network now extends from Punjab to Himachal Pradesh, Haryana to Jammu & Kashmir, Bihar, Gujarat, Jharkhand, Odisha, Uttar Pradesh, Madhya Pradesh, Uttarakhand, West Bengal, and Chandigarh. With an unwavering commitment to grassroots empowerment, MML strives to exemplify a technology driven microfinance institution, determined to uplift the progressive poor and eradicate poverty. As on Mar 31, 2024 the Authorised Share Capital of Midland Microfin Limited.
The ratio in FY24 is 6.11x and it was 6.18x in FY23, indicating decrease in debt level due to significant increase in the profitability in FY24.
Debt/EBITDA
The ratio in FY24 is 1.46x and it was 1.37x in FY23 indicating increase in debt servicing ability of the issuer due to an increase in interest income from the JLG loan portfolio and a 109% growth in fees income from Credit Plus Products.
Interest coverage ratio
Recent News
Midland Microfin opens its branch in Jammu
Jul 18, 2024 | Midland Microfin Limited
Midland Microfin standalone net profit rises 50.09% in the June 2024 quarter
Sep 11, 2024 | Midland Microfin Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE884Q07723 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 10.75% Midland Microfin Limited 27 Aug 2026 |
| Credit Rating |
|---|
| A - by ACUITE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 10.750000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 27/08/2026 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹98,688.1 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹98,688.1 |
| Price |
|---|
| ₹98.6881 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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