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24 Sep 2020, 02:25 HRS IST
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  • PTI
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Source:InCred Financial Services
Category:Business and Finance
InCred Issues Market-Linked Debenture Worth Rs. 100 Crore
07/10/2019

InCred Issues Market-Linked Debenture Worth Rs. 100 Crore

The success of the transaction highlights the appetite in the investor community for retail-focused small-ticket lending models

Mumbai, Maharashtra, India – Business Wire India 

InCred Financial Services closed its debut Market Linked Debenture (MLD) issuance yesterday. The issue is part of InCred's ongoing Rs 100 crore MLD programme, and was arranged in partnership with Sanctum Wealth Management. 
 
The issue was fully subscribed despite the tough market backdrop, and it highlights the appetite in the investor community for Consumer and MSME focused small ticket lending models. The innovative fundraising gives investors access to a higher yielding asset class, and it provides InCred an alternative source of funding to the traditional Bank and Capital Markets channels.
 
InCred CFO Vivek Bansal
 said, “We are very pleased with the issuance of our debut MLD and its over-subscription in this market indicates the confidence that investors have in our diversified business model, our risk management philosophy and practices, our technology infrastructure, and the quality of our talent pool. We were pleased with the arranger services provided by Sanctum and will look to issue additional tranches under our MLD Programme in future.”
 
Mumbai-headquartered tech-enabled new age NBFC InCred provides Personal loans, Education Loans, and SME loans that are tailor-made to the unique needs of its customers. InCred, promoted by former Deutsche Bank executive Bhupinder Singh, has previously closed 2 successful rounds of equity raising and has a diversified pool of debt providers across the Indian banking and capital markets ecosystem.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same).

CONTACT:
Media contact details:
Kriti Dhawan, Value 360 Communications, +91-9999341060
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