Sunday, Apr 2 2023 | Time 02:02 Hrs(IST)
image
Press Releases » Business Wire India


InCred Issues Market-Linked Debenture Worth Rs. 100 Crore

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.
More News
BMW Motorrad GS Experience 2023 Thrills Adventure Seekers in Kochi

BMW Motorrad GS Experience 2023 Thrills Adventure Seekers in Kochi

01 Apr 2023 | 11:43 AM

BMW Motorrad GS Experience 2023 Thrills Adventure Seekers in Kochi

see more..
Royal Sundaram Launches #Don’tBeAClown Campaign to Raise Awareness About the Importance of Insurance

Royal Sundaram Launches #Don’tBeAClown Campaign to Raise Awareness About the Importance of Insurance

01 Apr 2023 | 10:00 AM

Royal Sundaram Launches #Don’tBeAClown Campaign to Raise Awareness About the Importance of Insurance

see more..
Sodexo Announces the Launch of Its Mega Rewards and Discounts Extravaganza, Sodexo Summer Carnival

Sodexo Announces the Launch of Its Mega Rewards and Discounts Extravaganza, Sodexo Summer Carnival

31 Mar 2023 | 10:09 PM

Sodexo Announces the Launch of Its Mega Rewards and Discounts Extravaganza, Sodexo Summer Carnival

see more..

Champhunt com Onboard West Indies ODI Captain Shai Hope and Opener Kieran Powell as Global Ambassadors

31 Mar 2023 | 6:53 PM

Champhunt.com Onboard West Indies ODI Captain Shai Hope and Opener Kieran Powell as Global Ambassadors

see more..
Speaking up: An Imperative for Gender Parity

Speaking up: An Imperative for Gender Parity

31 Mar 2023 | 4:59 PM

Speaking up: An Imperative for Gender Parity

see more..
image