SKS Micro securitises loans worth Rs 321 cr

SKS Microfinance Ltd on Friday securitised its portfolio worth Rs 321 crore.

This included two rated pool assignment transactions worth Rs 221 core and two assignment transactions worth Rs 100 crore from two public sector banks.

These four transactions were closed at an annual interest rate of 12 per cent, priced 150 basis points lower than the previous two transactions.

"Fund flow has been gaining momentum in recent months with overall environment turning positive for the microfinance sector,'' Mr S. Dilli Raj, Chief Financial Officer, SKS Microfinance Ltd, said in a release.

With this, the Hyderabad-based company completed six transactions worth Rs 918 crore since January.