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.
