 "CDC to invest Rs 1,000 cr in India Infoline Finance")
The CDC Group, a development finance institution (DFI) and an impact investor in the UK, has partnered with Northern Arc Capital for its first-ever pooled bond issuance (PBI) transaction in India. The PBI worth Rs 320 crore will support six leading Indian microfinance institutions.
CDC’s investment in the transaction is supported by a partial guarantee provided by Northern Arc. It is a milestone for CDC as it is the first transaction structured by CDC under a PBI structure, according to a release.
CDC’s Rs 320 crore investment in a pool of senior secured NCDs will provide systemic liquidity to the six leading
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