M

Midland Microfin 10.65% Jun 2028 NCD

A- Secured NCD

Midland Microfin Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: A rated bonds · bonds maturing in 2028

Current YTM
12.43%
Market YTM
Coupon Rate
10.65%
Per annum
Maturity Date
01 Jun 2028
1.8 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
12.43%
Live, last traded 2026-08-25
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+718 bps
vs 1.8Y G-Sec at 5.25%
Top 11% of similar-tenor peers by spread
Tenure
1.8 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-29 2026-08-25
Cashflow Timeline
1 Sep 2026
Interest Payment
₹887.50 / Bond
1 Oct 2026
Interest Payment
₹887.50 / Bond
1 Nov 2026
Interest Payment
₹887.50 / Bond
1 Dec 2026
Interest Payment
₹887.50 / Bond
1 Jan 2027
Interest Payment
₹887.50 / Bond
1 Feb 2027
Interest Payment
₹887.50 / Bond
1 Mar 2027
Interest Payment
₹887.50 / Bond
1 Apr 2027
Interest Payment
₹887.50 / Bond
1 Jun 2028
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2026-06-01 Matures 2028-06-01
Key Metrics
Coupon Rate
10.65%
YTM (Annual)
12.43%
Credit Rating
A-
(ACUITE)
Remaining Tenure
1.8 Years
Advanced metrics
Modified Duration
1.58 Yrs
Macaulay Duration
1.60 Yrs
Issue Size
₹50 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.58 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
2026-08-25
BSE
Trades (30 Days)
11
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 11 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.65 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
2026-06-01
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Midland Microfin Limited, 10.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 01/06/2028 is a secured, rated, ncd paying a 10.65% p.a. coupon monthly. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-25 98.2300 12.4300 4
2026-08-24 98.6800 12.1000 2
2026-08-21 98.6800 12.1000 1
2026-08-07 98.0600 12.5000 1
2026-08-06 98.0600 12.5000 1
2026-08-05 99.2300 11.7000 5
2026-08-03 97.9978 12.5600 None
2026-07-31 99.0600 11.8200 37
2026-07-30 99.0800 11.8000 20
2026-07-29 98.9000 11.9200 30
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ACUITE 2026-01-22
Rating Actions History 0
Secondary-Market Trades 10 BSE 2026-08-25
Reg52(4) Payment Disclosures 0
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 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 ₹100,000.

When does Midland Microfin 10.65% Jun 2028 NCD mature?

Midland Microfin 10.65% Jun 2028 NCD matures on 2028-06-01, 1.8 years from today.

What is Midland Microfin 10.65% Jun 2028 NCD rated?

Midland Microfin 10.65% Jun 2028 NCD is rated A- by ACUITE. As of 2026-01-22.

Is Midland Microfin 10.65% Jun 2028 NCD secured?

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

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

The last recorded trade on 2026-08-25 priced Midland Microfin 10.65% Jun 2028 NCD at ₹98.23, implying a yield to maturity of 12.43%.

More Bonds from This Issuer
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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
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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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