CDC Group partners with Northern Arc Capital for first pooled bond issuance

Business Standard

The CDC Group, a development finance institution (DFI) and an impact investor in the UK, has partnered with 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.

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