10.75% MIDLAND MICROFIN LIMITED 2026

Information Memorandum (I.M.)
Term Sheet
INE884Q07723
*(Eligible Investors - Individual,NRI,HUF,Corporate,Trust ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
Acuite (SMERA) A- Stable - -

Issuer's Type

NBFC

About Issuer :

With an unwavering commitment to grassroots empowerment, Midland Microfin Ltd. strives to exemplify a technology driven microfinance institution, determined to uplift the progressive poor and eradicate poverty. As on Mar 31, 2024 the Authorized Share Capital of Midland Microfin Limited is Rs 12,800 lakhs and the Net Worth of the company is Rs 48,786 Lakhs. The value of Total Assets of Midland Microfin Limited as on Mar 31, 2024 is Rs 2,62,159 Lakhs.

Issuer's Link

https://www.midlandmicrofin.com/

Issuer's Financial Link

https://www.midlandmicrofin.com/corporate-governance/

A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)

Face Value

1,00,000.00

Coupon Rate

10.7500% (Fix)

Issue Date

27/Aug/2024

Maturity Date

27/Aug/2026

Remaining Period

1y 10m 10d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Monthly

Issue Size (in Crores)

50.00

Max. Available Quantity

40

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

No

Security

Senior Secured

Name of Debenture Trustee

Catalyst Trusteeship Limited

Remarks

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.