M

Midland Microfin 13.00% Jan 2028 NCD

BBB+ Secured NCD

Midland Microfin Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: BBB rated bonds · bonds maturing in 2028

Current YTM
No live YTM available
Coupon Rate
13.00%
Per annum
Maturity Date
24 Jan 2028
1.4 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~13.00%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+705 bps
vs 1.4Y G-Sec at 5.95% *
Top 11% of similar-tenor peers by spread
Tenure
1.4 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
22 Sep 2026
Interest Payment
₹32,500.00 / Bond
22 Dec 2026
Interest Payment
₹32,500.00 / Bond
22 Mar 2027
Interest Payment
₹32,500.00 / Bond
22 Jun 2027
Interest Payment
₹32,500.00 / Bond
22 Sep 2027
Interest Payment
₹32,500.00 / Bond
22 Dec 2027
Interest Payment
₹32,500.00 / Bond
24 Jan 2028
Principal Payment
₹1,000,000.00 / Bond

Next 6 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-09-22 Matures 2028-01-24
Key Metrics
Coupon Rate
13.00%
YTM (Annual)
Credit Rating
BBB+
(CARE)
Remaining Tenure
1.4 Years
Advanced metrics
Modified Duration
1.25 Yrs
Macaulay Duration
1.29 Yrs
Issue Size
₹25 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.25 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 3.00 percentage points above the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-09-22
Day Count Convention
30/360
Listed Exchange
UNLISTED
Call / Put Option
Puttable

Midland Microfin Limited issued this secured, rated, ncd (13% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 24/01/2028) carrying a 13.00% p.a. coupon, paid quarterly. It repays principal on maturity.

Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2023-09-18
Rating Actions History 0
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on Midland Microfin 13.00% Jan 2028 NCD?

Midland Microfin 13.00% Jan 2028 NCD carries a coupon of 13.00%, paid quarterly, on a face value of ₹1,000,000.

When does Midland Microfin 13.00% Jan 2028 NCD mature?

Midland Microfin 13.00% Jan 2028 NCD matures on 2028-01-24, 1.4 years from today.

What is Midland Microfin 13.00% Jan 2028 NCD rated?

Midland Microfin 13.00% Jan 2028 NCD is rated BBB+ by CARE. As of 2023-09-18.

Is Midland Microfin 13.00% Jan 2028 NCD secured?

Midland Microfin 13.00% Jan 2028 NCD is a secured bond.

Can Midland Microfin 13.00% Jan 2028 NCD be called or put back early?

Midland Microfin 13.00% Jan 2028 NCD is puttable -- holders may require the issuer to repurchase it on scheduled put dates.

Where does Midland Microfin 13.00% Jan 2028 NCD trade?

Midland Microfin 13.00% Jan 2028 NCD is listed on UNLISTED.

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Midland Microfin 10.75% Aug 2026 NCD
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Maturity
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Midland Microfin 12.00% Sep 2026 NCD
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Coupon
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Maturity
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Midland Microfin 13.20% Sep 2026 NCD
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Coupon
13.20%
Maturity
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Midland Microfin 12.00% Nov 2026 NCD
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Coupon
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Maturity
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