InCred closes a First of Its Kind covered bond issue
ANI
04 Aug 2021, 15:55 GMT+10
Mumbai (Maharashtra) [India], August 4 (ANI/BusinessWire India): InCred, a new-age financial service platform, has announced that it has successfully closed its second issue of covered bond for Rs. 75 crores.
The issue is yet another milestone in InCred s diversified liability strategy.
The deal recorded strong participation from investors across the spectrum - family offices, ultra HNIs, corporate treasuries and other NBFCs.
This covered bond issue is a first of its kind in the Indian market - with the underlying loans selected from InCred s Personal Loans (PL) portfolio. The transaction structuring was done entirely in-house, unlike most other structured debt issues in the market.
InCred announces closure of second covered bond issue at Rs 75 cr
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