Business - Briefly   

Equitas’ micro-loan pool backed transaction

CHENNAI: Equitas Micro Finance India has announced micro-loan pool backed rated securitisation transaction with a principal amount of pass-through certificates (PTCs or securities) equal to Rs. 15.70 crore. The PTCs will be issued by a special purpose vehicle, set up specifically for the purpose of this securitisation. The transaction would open a new window to the industry to raise debt from those banks not generally participating in funding to mutual funds. — Corporate Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Nasscom urges Obama not to take ‘protectionist measures’
Satyam clamps curbs on information flow
TCS raises performance bar
SkodaAuto launches Superb variant
Volvo Buses India augments capacity
Norwegian bank opens office in Mumbai
Radhakrishna Hospitality in Sodexo fold
No staff reduction at Sahagunj unit, says Pawan Kumar Ruia
Bullion Rates
Tata Motors ties up with Union Bank
Welch Allyn partners BPL Healthcare
MetLife strengthens North Indian operations
Equitas’ micro-loan pool backed transaction
Jyothy Lab launches ‘Fabric Spa’ venture

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu