The Hindu Business Line : SKS Microfin raises Rs 75 cr

Hyderabad, May 20 SKS Microfinance has raised Rs 75 crore through non-convertible debentures (NCD). The one-year NCDs, issued at a coupon of 10 per cent, are listed on the Bombay Stock Exchange.

“A new asset class is born as debt security issued by a microfinance institution has been listed for the first time,” Mr S. Dilli Raj, Chief Financial Officer, SKS Microfinance, said in a release.

“This transaction enables us to diversify the sources base and access capital market funding,” Mr Suresh Gurumani, MD and CEO of SKS, said.

More Stories on : Corporate Bonds | Mahindra & Mahindra Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Karnataka Grameen Bank planning 80 solar villages

Rupee gains in volatile trade

Rupee seen rising to 44 by fiscal-end

BoI completes core banking link-up

Bajaj Finserv posts Rs 107-cr net in Q4

PNB to sell 26% stake in housing finance arm to Dawnay Day

Axis Bank pact with Motilal Oswal for online trading

EMFIL sells 20% to Dia Vikas

Bond prices up amid thin volumes

SKS Microfin raises Rs 75 cr

Call rates unchanged

Holdings in US Treasuries jump to $38.2 b in March