Bharat Financial Inclusion issues CP aggregating Rs 100 cr

17/10/2016 17:42

Bharat Financial Inclusion Ltd said that it has issued Commercial Papers of an aggregate amount of Rs. 100 crore on October 17, 2016.

The Commercial Papers have been rated ‘A1+’ by a leading rating agency, it said in a filing to the Bombay Stock Exchange.

Instruments with the aforesaid rating are considered to have ‘a very strong degree of safety regarding timely payment of financial obligations’. Such instruments carry the lowest credit risk, it said.

The aggregate Commercial Papers outstanding as on date is Rs. 450 crore.

Meanwhile, shares of the company closed trading at Rs 870.75 apiece, down 2.57 per cent from the previous close on BSE.

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