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SKS Microfinance issues Commercial Papers

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Capital Market
Last Updated : Oct 09 2015 | 11:01 PM IST

Aggregating Rs 100 crore

SKS Microfinance announced that the Company issued Commercial Papers of an aggregate amount of Rs. 100 crore on 09 October 2015, which have been rated 'A1+' by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

The aggregate Commercial Paper outstanding as on date is Rs. 575 crore.

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First Published: Oct 09 2015 | 6:45 PM IST

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