Friday 18 March 2016

SKS Microfinance raises Rs 214 crore through securitisation deal

In the current fiscal, the company has raised Rs 1,781.82 crore through securitisation.

SKS Microfinance has said it has raised Rs 214.61 crore through a securitisation deal.
In a BSE filing, SKS Microfinance said it has "on March 16, 2016, completed the sixth securitisation transaction during 2015-16 for a pool value of Rs 214.61 crore." With this transaction, the total sum of securitisation completed during the current fiscal (year-to-date) is Rs 1,781.82 crore, it said.
The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India's Priority Sector lending guidelines.
"The pool has been rated AA (SO) by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry a very low credit risk," it added.
On the BSE, the company's stock was trading at Rs 528.30, up Rs 4.90 or 0.94%.

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