Spandana Sphoorty Financial (SSFL) has raised Rs 337.5 crore through the issuance of market-linked debentures (MLD). The proceeds will help the company scale its business at an accelerated pace.
The market-linked debentures were issued at an 11 per cent yield and will mature in 30 months. The MLD issue from SSFL received strong interest and participation from HNI (high networth individuals) investors, family offices and corporate treasuries. The issuance was facilitated by CredAvenue, an online debt platform.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
