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YES Bank will raise $125 million in debt funding from International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, to lend more to micro and small and medium enterprises.
The fund raising involves a 5-7-year senior loan of $60 million from IFC’s own account and a syndicated loan of $65 million.
IFC’s loan will support the bank in providing access to finance to the SME portfolio, accessing long-term funding and diversifying its funding base franchise, improving its maturity mismatch position and growing its assets, increasing its reach and improving its market share, especially in the SME space.
Source: thehindubusinessline
The fund raising involves a 5-7-year senior loan of $60 million from IFC’s own account and a syndicated loan of $65 million.
IFC’s loan will support the bank in providing access to finance to the SME portfolio, accessing long-term funding and diversifying its funding base franchise, improving its maturity mismatch position and growing its assets, increasing its reach and improving its market share, especially in the SME space.
Source: thehindubusinessline
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