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Midland Microfin 10.65% Jun 2028 NCD (INE884Q07855)

Acuité A- / Stable Secured NCD

Midland Microfin Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: A rated bonds · bonds maturing in 2028

35 more bonds from Midland Microfin Limited →
Current YTM
11.90%
Market YTM
Coupon Rate
10.65%
Per annum
Maturity Date
01 Jun 2028
1.6 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹1,00,000
Per Bond

Market Position

YTM (Annual)
11.90%
Last traded 23 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+498 bps
vs 1.6Y G-Sec at 6.92%
Top 11% of similar-tenor peers by spread
Tenure
1.6 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
25 Aug 202623 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

1 Dec 2026
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Jan 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Feb 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Mar 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Apr 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 May 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Jun 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
1 Jul 2027
Interest Payment
₹887.50 / Bond
₹798.75 net of 10% TDS (est.)
…
+10 more coupons until 1 May 2028
₹887.50 each / Bond
1 Jun 2028
Final coupon + principal
₹1,00,887.50 / Bond
₹887.50 coupon + ₹1,00,000 face value

19 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 1 Jun 2026 Matures 1 Jun 2028

Key Metrics

Coupon Rate
10.65%
YTM (Annual)
11.90%
Credit Rating
A-
(Acuité) · rated 30 Jun 2026, 4 months ago
Remaining Tenure
1.6 Years
Advanced metrics
Modified Duration
1.43 Yrs
Macaulay Duration
1.44 Yrs
Issue Size
₹50 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
1.43 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
23 Oct 2026
BSE
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.45 percentage points above the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
1 Jun 2026
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Midland Microfin Limited, Midland Microfin 10.65% Jun 2028 NCD is a secured, rated NCD. It pays a 10.65% p.a. coupon, monthly. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
30 Jun 2026 Acuité A- Stable Latest BSE listing
2026 Acuité A- — NSDL record, 2026 NSDL debt master
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →
Alert me about Midland Microfin Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE884Q07855: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-23 99.0600 11.9000 1
2026-10-16 99.0400 11.9000 1
2026-10-15 99.0400 11.9000 1
2026-10-14 99.0400 11.9000 1
2026-09-21 98.8700 12.0000 1
2026-09-18 98.8700 12.0000 1
2026-09-15 98.8600 12.0000 1
2026-09-10 98.7100 12.1000 1
2026-08-27 98.5400 12.2000 1
2026-08-25 98.2300 12.4300 4

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 Acuité 2026-06-30
Rating Actions History 0 — —
Secondary-Market Trades 10 BSE 2026-10-23
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
Last Updated
7 Nov 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.

Current Price (Clean)
₹99,060.00
YTM11.90%
Trade Date 23 Oct 2026 16d ago
SourceBSE
Accrued interest (est.)₹236.67
Dirty price (est.)₹99,296.67
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE884Q07855
Issue Date
1 Jun 2026
Maturity Date
1 Jun 2028
Listing
BSE
Payment Frequency
Monthly
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Midland Microfin 10.65% Jun 2028 NCD?

Midland Microfin 10.65% Jun 2028 NCD carries a coupon of 10.65%, paid monthly, on a face value of ₹1,00,000.

When does Midland Microfin 10.65% Jun 2028 NCD mature?

Midland Microfin 10.65% Jun 2028 NCD matures on 1 Jun 2028, 1.6 years from today.

What is Midland Microfin 10.65% Jun 2028 NCD rated?

Midland Microfin 10.65% Jun 2028 NCD is rated A- by Acuité (rating dated 30 Jun 2026).

Is Midland Microfin 10.65% Jun 2028 NCD secured?

Midland Microfin 10.65% Jun 2028 NCD is a secured bond.

Where does Midland Microfin 10.65% Jun 2028 NCD trade?

Midland Microfin 10.65% Jun 2028 NCD is listed on BSE.

What yield does Midland Microfin 10.65% Jun 2028 NCD currently offer?

The last recorded trade on 23 Oct 2026 priced Midland Microfin 10.65% Jun 2028 NCD at ₹99,060.00 per bond, implying a yield to maturity of 11.90%.

More Bonds from This Issuer

M
Midland Microfin 12.00% Nov 2026 NCD
INE884Q07780
A-
Coupon
12.00%
Maturity
19 Nov 2026
M
Midland Microfin 11.77% Mar 2027 NCD
INE884Q07632
BBB
Coupon
11.77%
Maturity
31 Mar 2027
M
Midland Microfin 12.00% Apr 2027 NCD
INE884Q07806
A-
Coupon
12.00%
Maturity
04 Apr 2027
M
Midland Microfin ZC Apr 2027 NCD
INE884Q07830
A-
Coupon
—
Maturity
28 Apr 2027
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Comparable NCDs maturing near 2028

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 10.65%. For comparison only, not a recommendation.

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INE07HK07825Krazybee Services LimitedA+10.65%2027-08-12
INE894F08087Sammaan Capital LimitedAA+10.65%2027-06-05
INE403Q07GB6Kosamattam Finance LimitedA10.62%2028-08-07
INE403Q07GC4Kosamattam Finance LimitedA10.62%2028-02-07
INE403Q07GA8Kosamattam Finance LimitedA10.62%2027-07-09
INE403Q07FZ7Kosamattam Finance LimitedA+10.62%2027-07-09

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