SKS Microfinance has raised Rs 538.11 crore by a securitisation deal.
SKS Microfinance said in a BSE filing that it has “completed seventh securitisation transaction during 2015-16 for a pool value of Rs 538.11 crore”.
According to the company, with this transaction, the total sum of securitisation completed during the current fiscal (year-to-year) is Rs 2,319.93 crore.
It added that “the pool has been rated AA (SO) by a leading rating agency, signifying a high degree of safety regarding timely servicing of financial obligations. Such instruments carry a very low credit risk.”
