This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 20 Jul 2026. The details below are kept as a record of the issue. Compare bonds available now →
Midland Microfin
Midland Microfin is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 11.75%.
Data as of 20 Jul 2026
How this yield compares
About this bond
Midland Microfin is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11.75%. It pays a coupon of 12% and matures on 14 Aug 2026. It is rated A-, an adequate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹10K.
Its 11.75% yield is well above the market average, placing it 63rd of the 319 Corporate bonds on RightBonds - firmly in the top tier. That is 1.25 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.25%), it pays roughly 5.50 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its high safety (A-) rating is the main signal of default risk here. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Midland Microfin (INE884Q07863) at 11%, Midland Microfin (INE884Q07822) at 9.5% and Hella Infra Market (INE06E507579) at 16%.
About Midland Microfin
Midland Microfin Limited is a Punjab-based microfinance lender operating 526 branches across 249 districts in 15 states and two union territories, with assets under management of Rs 2,340 crore as of September 2025. Its top five states still account for 79% of the book. Capitalisation is adequate, with a capital adequacy ratio of 33.37% and gearing of 3.7 times, supported by equity infusions of Rs 113 crore in FY25 and a further Rs 21.14 crore in the first half of FY26 from existing shareholders. The company is under strain: CARE carries a negative outlook on rising delinquencies and deteriorating asset quality that has hurt profitability, and the gross stressed book, which counts non-performing assets, security receipts and stage-two assets together, rose from 14.24% in March 2025 to 16.6% by September 2025. Fresh NPA additions were Rs 222 crore in FY25 and a further Rs 76 crore in the first half of FY26.
