Grameen Koota Listed NCD through FII Route

January 22, 2010 Posted by Press Release, Unitus Capital

Grameen Financial Services raises Rs. 20 crore of NCDs through FII route

Bangalore, January 22, 2010: Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 20 crore (approximately USD 4.27 MM) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to MicroVest I, LP (MV I), a private equity fund formed under US Laws and registered as a Foreign Institutional Investor (FII) sub-account with the SEBI. With Unitus Capital acting as the sole financial advisor, the MV I – Grameen Koota deal marks a FII-registered microfinance investment vehicle (MIV) directly subscribing, for the first time, to a primary NCD issuance by an Indian MFI.

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