Company Name : InCred Financial Services

Monday, October 7, 2019 12:59PM IST (7:29AM GMT)
InCred Issues Market-Linked Debenture Worth Rs. 100 Crore
Mumbai, Maharashtra, 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.

Source: BUSINESS WIRE INDIA

Click here for Media Contact Details

Kriti Dhawan,Value 360 Communications,+91-9999341060


Similar News

How 2 Yrs Old Indian Opensource Project Got 25k+ Downloads and Generated USD 300k Revenue

23/09/2020 2:25PM

Bagisto is an opensource eCommerce platform built on Laravel. Started as a community project by Webkul in October 2018, the platform has amassed 25k+ downloads, 2800+ Github Stars, 0 to 100k user base, 1500+ Community ...

Despite COVID-19 Challenges, Indian Students Want to Study Abroad, Reports iSchoolConnect

23/09/2020 1:30PM

iSchoolConnect Inc. analyzed Indian students’ migration pattern over the past decades to predict the possible shift in student mobility post COVID-19.

Share This