SKS Microfinance completes Rs 63 cr securitisation

Takes total securitisation transactions the co closed in current fiscal to 8, valued at Rs 866 crore

SKS Microfinance Limited has concluded a securitization transaction valued at Rs 63 crore with a private sector bank. This takes the total number of securitisation transactions it had closed in the current financial year to eight, valued at Rs 866 crore.

 

The pool of receivables securitized are rated A1+ (SO) by one of the leading credit rating agencies, which is considered to have strong capacity for timely payment of short-term debt obligations and carry the lowest credit risk. 

 

Earlier this month, SKS had concluded two microfinance securitisation transactions aggregating Rs 390 crore.

 

SKS Microfinance's scrip is currently trading at Rs 141.35 on BSE, up 0.68% over the previous close of Rs 140.40.