Bharat Financial Inclusion issues CP aggregating Rs 50 crore

On 09 August 2016

Bharat Financial Inclusion announced that the Company issued Commercial Papers of an aggregate amount of Rs. 50 crore on 09 August 2016, which has been rated 'A1+' by a leading rating agency. Instruments with the aforesaid rating are considered to have 'a very strong degree of safety regarding timely payment of financial obligations'. Such instruments carry the lowest credit risk.

The aggregate amount of Commercial Papers outstanding as on date is Rs. 325 crore.

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