For building strong capital base with high liquidity
Capital Trust announced that it has entered into PTC (Pass Through Certificates) transaction with Ugro Capital, a technology focused small business lending platform.This is the first time Ugro Capital and Capital Trust have come together for a PTC transaction of about Rs 28 crore, with amortisation of the pool tenure of 20 months.
The instrument is rated BBB+ by ICRA. The tie up will allow Capital Trust to enhance its liquidity and build a strong capital base. The loans underlying the pool will have monthly instalments with original maturity of up to 3 years.
With this tie up, Capital Trust will be able to expand its credit portfolio of income generating micro loans among rural India's underserved population.
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