New Issue: India’s SKS Microfinance issues Rs. 2 billion of debentures

By Tali Rackner

Norfolk, Va., May 15 – SKS Microfinance Ltd. informed the Bombay Stock Exchange that it has issued and allotted Rs. 2 billion of secured redeemable noncumulative taxable non-convertible debentures with a face value of Rs. 1 million each.

The bonds were issued on a private placement basis.

As of Friday, the total amount of non-convertible debentures outstanding is Rs. 4 billion.

SKS Microfinance is a non-banking financial company that provides micro finance services. It is based in Hyderabad, India.

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