Group of Non-Bank Lenders to Issue Pooled Debt Instruments

Source: Economic Times

Kolkata: A group of non-bank lenders, including microfinance firms, is likely to issue pooled debt instruments such as bonds together to gain bargaining power on price as they are looking to tap the separate liquidity window offered by Reserve Bank of India under the targeted long-term repo operation (TLTRO 2.0).

The Microfinance Institutions Network (MFIN), the self-regulator for NBFC-MFIs, has approached fund arrangers such as Northern Arc Capital and Vivriti Capital for such blended pooled issuances.