SKS Microfinance has issued and allotted secured, rated, listed, redeemable, non-cumulative, taxable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 200 crore on private placement basis. The aggregate NCDs outstanding as on date is Rs 400 crore.
These NCDs are rated ‘A+’ by a leading credit rating agency. Instruments rated ‘A+’ carry low credit risk and are considered to have adequate degree of safety regarding timely servicing of financial obligations.
SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households.
Company Name | CMP |
---|---|
Bajaj Finance | 6508.40 |
Shriram Finance | 2258.00 |
Aditya Birla Capital | 206.50 |
SBI Cards AndPayment | 677.75 |
L&T Finance | 150.15 |
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