SKS Micro completes securitisation transaction worth Rs 243 cr

PTI Updated - January 22, 2018 at 05:58 PM.

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SKS Microfinance Ltd today said it has completed second securitisation transaction for a pool value of Rs 243.08 crore.

“SKS Microfinance today completed the second securitisation transaction for a pool value of Rs 243.08 crore during 2015—16. With this transaction, the total sum of securitisation completed during 2015—16 is Rs 326.73 crore,” it said in a filing on the BSE.

SKS said the entire pool qualifies for priority sector treatment as per RBI’s priority sector lending guidelines.

It said the pool value has a high degree of safety regarding timely servicing of financial obligations.

Such instruments carry a very low credit risk,” it said further.

Securitisation means creation of a financial instrument by an issuer by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.

Published on November 28, 2015 11:09