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Security Tenure Yield (SA)
90 DTB 90 days 6.18%
GOI 2026 10 Yrs. 6.92%
GOI 2022 5 Yrs. 7.02%
GOI 2020 3 Yrs. 6.78%
AAA PSU 5 Yrs. 7.50%-7.55%
AAA PSU 3 Yrs. 7.40%-7.45%
AAA Pvt. 5 Yrs. 8.08%-8.15%
AAA Pvt. 3 Yrs. 8.19%-8.27%
Indicator As of 31-Dec-2016 As of 31-Dec-2015 YoY Change
Gross Loan Portfolio (INR Crs) 56,634 36,912 53%
Clients (Crs) 3.38 2.37 42%
MFI GLP (in Crs) YoY Growth
Bharat Financial 8,531 38%
Satin 3,344 32%
Grameen Koota 3,092 71%
Asirvad 1,656 137%
Spandana 1,287 5%
Muthoot Microfin 1,253 326%
Sonata 1,131 31%
Annapurna 1,098 63%
Arohan 917 71%
SVCL 908 56%
Sr. No. Issuer Issue Month Seniority Secured Size (INR Crs) Coupon Tenor Rating
1 Belstar Investment And Finance Pvt. Ltd. March 2017 Senior Yes 40.00 12.00% 3 Yrs A (ICRA)
2 Ess Kay Fincorp Pvt. Ltd. March 2017 Unsecured Yes 15.00 12.50% 1.5 Yrs BBB (CARE)
3 Annapurna Microfinance Pvt. Ltd. March 2017 Subordinated Yes 34.00 13.99% 6 Yrs BBB (ICRA)
4 Kogta Financial (India) Ltd. April 2017 Senior Yes 19.30 12.23% 3 Yrs BBB- (CARE)
5 Five Star Business Finance Ltd. April 2017 Senior Yes 25.00 11.50% 6 Yrs BBB+ (ICRA)
2131 37
57
2.332.87
2.37
3.38
0
1
2
3
4
0
20
40
60
Dec-13 Dec-14 Dec-15 Dec-16
Tho
usa
nd
s C
rore
GLP Clients
Cr
*Source –FIMMDA, BRICSonline **Source – MFIN micrometer as on Dec 2016 & Dec 2014 ***Source – NSDL / BSE ****Source – News Reports, VC Circle
“The betterment of society is not a job to be left to a few. It’s a responsibility to be shared by all."
- David Packard (Co-Founder Hewlett-Packard)
FinoLook
Tuesday, 02 May 2017
Quote of the month
Microfinance in India – A Snapshot** Top 10 MFI** (excluding SFB’s)
Recent NCD issuance***
Financial Inclusion news**** UC Deals Closed
Spandana Sphoorty – Mar, 2017 – USD 100mn equity financing for Hyderabad based
MFI Spandana Sphoorty Financial Ltd. Along with this, the company has raised USD
170mn debt financing from ICICI Bank, Indusind Bank and Yes bank which would help
it exit from the CDR (Corporate Debt Restructuring) .
Spandana was referred to CDR in 2011 by its 37 lenders after it was severely impacted
by the 2010 AP Crisis. The equity investment of USD 100mn came in from Kedara
capital.
Spandana now operates in 13 states across India, with almost 540 branches in various
rural and semi-urban areas.
Janalakshmi Financial Services has received the final approval from RBI to set up Small Finance Bank
BSE has allowed broking and microfinance companies to get listed on its small and medium enterprise (SME) platform
Microfinance Institutions Network “MFIN” has launched “MFIN Connect”, a mobile app which will help in educating microfinance clients in educating them about microfinance
As per Global Impact Investing Network, India is projected to see impact investment worth up to USD 40 bn by 2025.
Aditya Birla Group received RBI license to start payments bank
For any queries, please contact: -
Chandrani Podder ([email protected]); Samarth Tandon ([email protected])
Disclaimer: The information contained herein is of a general nature and is not intended to address the facts and figures of any particular individual or entity. The content provided here treats
the subjects covered here in condensed form. It is intended to provide a general guide to the subject matter and should not be relied on as a basis for business decisions. The information provided
herein is from public domain except the transactions done by Unitus Capital (UC). UC does not take any responsibility for any errors or omissions thereto.
Market Overview*
The 10-year bond yield hardened
during the month and closed at
6.92% on the end of Apr’17
compared to 6.70% on account of
the sticky core inflation, volatile
crude and commodity prices, likely
long pause by RBI and US yield
inching higher. Similarly, the longer
end curve of corporate bond (AAA 10
year) rose to 7.74% from 7.62%
levels in last one month.
Per
cen
t
Clie
nts
GLP
5.505.705.906.106.306.506.706.907.107.307.507.707.908.10
91 DTB 0 Year 3 Year 7 Year 9 Year 13 Year 27 Year 39 Year
30-Apr-2017 31-Mar-2017 30-Apr-2016
Sovereign Yield Curve
