Muthoot Capital raises Rs 236 cr via securitisation of two-wheeler loans

Deal touted as biggest in two-wheeler finance space; company hopes to raise Rs 1,000 crore in FY20 through this route

Auto financing company Muthoot Capital Services has raised Rs 236 crore via securitization of two-wheeler loans in one of the biggest deals in the two-wheeler finance space. The issue was subscribed totally by HDFC Mutual Fund and the deal was arranged by Vivitri Capital, an institutional debt market platform in India.

“The entire securitisation done was of the two-wheeler portfolio,” the company said in a statement.

“Including the current transaction with HDFC MF, the Company has raised a total amount of Rs 750 crore via securitisation,” the company further said. Moreover, for the next fiscal (FY20), Muthoot Capital Services hopes to raise