MUDRA Invests Rs. 50 Cr in a Securitisation Deal with Janalakshmi

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SMEStreet Desk
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Banking, Australia, Commonwealth Bank

The Micro Units Development & Refinance Agency (MUDRA) has invested Rs 50 crore in a securitization deal with the Bengaluru-based micro-finance company Janalakshmi Financial Services.

The investment is in the A(-) rated senior tranche of securitised MSME loan portfolio of,.

IFMR Capital facilitated the first ever capital market transaction for MUDRA.

Through this deal, MUDRA, which provides low-cost loans to micro-finance and non-banking financial institutions, will have exposure to over 100 micro-finance and NBFCs working towards financial inclusion. This is also MUDRA's maiden exposure to securitisation.

IFMR Capital also participated as an investor through its investment in the subordinated tranche.

Micro Finance MUDRA Bank Mudra Financial Market