SKS Microfinance today said it has raised Rs 89.57 crore through a securitisation deal.
"The Company on February 27, 2015, completed the fifth securitisation transaction in FY15 of Rs 89.57 crore. With this, the total sum of securitisations completed during FY15 (YTD) is Rs 864.70 crore," SKS Microfinance said in a regulatory filing to the BSE.
The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India's Priority Sector lending guidelines, it added
The pool has been rated AA (SO) by a leading rating agency, signifying a "high degree of safety regarding timely servicing of financial obligations".
