| Instrument Description (Long): |
12% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. OPTION 5. DATE OF MATURITY 04/01/2024 |
| Instrument Description(short): |
MIDLAND MICROFIN LIMITED OPT 5 12 NCD 04JN24 FVRS10000 |
| ISIN: |
INE884Q07038 |
|
| Type of Instrument: |
Debentures |
|
Face Value (per instrument):: |
10000 |
| Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
| Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
|
Coupon Rate: |
12% |
| |
|
|
Details of Variable Coupon Rate: |
N.A. |
| Seniority in Repayment: |
Senior |
|
Day Count Convention: |
Actual/actual |
| Whether tax free: |
No |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961:  |
|
|
Issue price (per instrument): |
10000 |
| |
|
Issue Size (in Crores): |
0.927 |
| Series (if any): |
N.A. |
|
Total Allotment Quantity: |
927 |
| Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
04-Jul-2014 |
| |
|
Tenure of the instrument at the time of Issuance: |
Year
:
9
Months
:
6
Days
:
0
|
| |
|
Frequency of Interest Payment with specified dates: |
ON MATURITY i.e. 04/01/24 |
| Scheduled Opening Date: |
26-May-2014 |
|
Put Option with specified dates: |
AT THE END OF 7TH AND 8TH YEAR i.e. 04/07/2021 AND 04/07/2022 |
| Scheduled Closing Date: |
23-Jun-2014 |
|
Call Option with specified dates: |
|
| Actual Closing Date: |
23-Jun-2014 |
|
Redemption Date/Last Conversion Date: |
04-Jan-2024 |
| |
|
|
Defaulted in Redemption: |
Not Applicable |
| |
|
|
| If guaranteed, provide complete details regarding the Guarantee: |
N.A. |
|
Redemption Premium Details: |
N.A. |
| Step up / Step down coupon basis: |
|
|
Step up / Step down details: |
N.A. |
| Indicate whether Put option will be exercised at Discount/Premium/Par: |
Par |
|
Put option details: |
AT THE END OF 7TH AND 8TH YEAR i.e. 04/07/2021 AND 04/07/2022 |
| Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
N.A. |
| Whether Debentures/Bonds are perpetual in nature: |
No |
|
Indicate whether the instrument is rated: |
Yes |
| Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
N.A. |
| Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
| Compounding Frequency Details: |
N.A. |
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
THE DEBENTURE TOGETHER WITH INTEREST EXPENSES AND OTHER MONEYS SHALL BE SECURED FROM THE DATE OF ALLOTMENT BY EXCLUSIVE CHARGE IN FAVOUR OF DEBENTURE TRUSTEE ON ALL SPECIFIC AND IDENTIFIABLE CURRENT ASSETS, BOOK DEBTS, RECEIVABLES AS FULLY DESCRIBED IN THE DEBENTURE TRUST DEED EXCEPT THOSSE RECEIVABLES SPECIFICALLY AND EXCLUSIVELY CHARGED ON A FIRST RANKING PARI PASSU BASIS WITH ALL OTHER LENDERS TO OUR CO. HOLDING PARI PASSU CHARGE OVER THE SECURITY SUCH THAT..CONTACT ISSUER FOR FURTHER DETAILS |
