The CDC Group, a development finance institution (DFI) and an impact investor in the UK, has partnered with Northern Arc Capital for its first-ever pooled bond issuance (PBI) transaction in India. The PBI worth Rs 320 crore will support six leading Indian microfinance institutions.
CDC’s investment in the transaction is supported by a partial guarantee provided by Northern Arc. It is a milestone for CDC as it is the first transaction structured by CDC under a PBI structure, according to a release.
Read more about Accion portfolio company, Northern Arc Capital, in Business Standard.