microfinance-india-business


From the category archives:

Debenture Issues

Grama Vidyal Micro Finance plans Rs 100 cr Non Convertible Debentures

by Microfinance Business on August 13, 2009

Tiruchy-based non-banking finance company (NBFC) Grama Vidiyal Micro Finance (GVMFL) is planning to raise around Rs 100 crore by way of non-convertible debentures (NCD) over the next three months. The money will be utilised to support company’s expansion plan, said S Devaraj, chairman and managing director, GVMFL.

Speaking to reporters in Chennai today he said that [...]

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MFI's plan to raise Rs 1000 crore through debt

by Microfinance Business on July 14, 2009

Microfinance institutions (MFIs) are planning to raise over Rs 1,000 crore through debt instruments such as non-convertible debentures (NCDs) and commercial papers (CPs) during the current financial year. Till few months ago, only a few banks subscribed to the debt issues, but now MFIs are looking at a wider base of institutional investors, including [...]

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SKS Microfinance to raise Rs 500 crore through debt instruments

by Microfinance Business on June 21, 2009

SKS Microfinance, the largest microfinance player in the country in terms of assets, is looking beyond pure bank funding for their business. It is set to raise Rs 500 crore through a variety of rated debt products to fund loan demands of its customers.

“We will raise funds through credit rated capital market products. These [...]

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Spandana raises Rs 80 crore via Non Convertible Debentures

by Microfinance Business on June 10, 2009

HYDERABAD: Spandana Sphoorty Financial, the second-largest microfinance firm, has raised Rs 80 crore by issuing one year non-convertible debentures (NCDs) redeemable at a premium of 10%. Standard Chartered Bank India has subscribed to NCDs.

The Hyderabad-based company also has a greenshoe option of Rs 220 crore, which can be explored eventually with the investors. “The [...]

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SKS Microfinance raises Rs 75 crore from debt capital market

by Microfinance Business on May 22, 2009

Largest Debenture issue by a MFI till date
First MFI to list on the stock exchange
Standard Chartered is sole book runner and lead arranger

SKS Microfinance, India’s largest and the world’s fastest growing microfinance company, and Standard Chartered Bank, the country’s largest international bank, have completed a unique transaction in the debt capital market, by enabling the [...]

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Yes Bank subscribes to Non Convertible Debentures of SKS Microfinance

by Microfinance Business on March 10, 2009

http://www.socialinnovationawards.com/Sponsors_files/Yes%2520Bank.jpg

Yes Bank, one of India`s leading private sector bank, announced that it has subscribed to Rs 250 million of rated Non Convertible Debentures (NCD) issued by SKS Microfinance, India`s largest and the world`s fastest growing micro-finance institution (MFI).

The bond has a tenor of one year from the date of allotment with a coupon rate of [...]

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