CredAble enhances Capital Market appearance with Commercial Paper Programme

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CredAble has successfully launched its first commercial paper programme through its NBFC (Non-Banking Financial Company), Equentia Financial Service Private Limited, raising an astounding INR 20 Crores. This strategic action represents a major departure from traditional banking channels and a notable extension of the company’s capital market funding possibilities.

The foundation of CredAble’s business has always been its creative approach to financing, and this most recent development only serves to solidify its place in the industry. Its current financing mechanisms are enhanced by the commercial paper programme, which creates new opportunities for capital raising and financial flexibility. It is evidence of the faith and assurance that investors place in CredAble’s business plan and its dedication to advancing supply chain finance excellence.

Businesses usually utilise Commercial Paper (CP), an unsecured lending instrument issued as a promissory note, to raise money in the money markets. With maturities varying from a minimum of seven days to a maximum of one year from the date of issue, CredAble’s successful issuance of its first commercial paper programme illustrates the company’s capacity to diversify its funding sources and acquire short-term financial support.

Manu Prakash, Managing Director and Head – Debt and Capital Markets at CredAble, said, “We are excited to introduce our first commercial paper program, marking an important step in our journey towards innovative financing solutions. This initiative reflects our ongoing commitment to providing businesses with versatile and diversified financing options, equipping them with the resources they need for sustained growth. We eagerly anticipate further expanding our presence in the capital market, continuing to lead the way in pioneering fresh avenues within the realm of supply chain finance.”

In the realm of finance, CredAble has continuously led the way, creating novel concepts like Securitized Debt Instruments (SDI) for loans backed by invoices for Supply Chain Finance (SCF). A wider spectrum of investors, including non-traditional players like UHNIs (Ultra High Net Worth Individuals) and FPIs (Foreign Portfolio Investors), will have more options thanks to these SDIs, which are intended to close the gap between the supply chain financing asset class and capital market investors.

This historic accomplishment confirms CredAble’s dedication to expanding the possibilities for diverse investor involvement, enabling businesses with increased flexibility, and pushing the boundaries of financial solutions. CredAble has strengthened its position as a leader in the supply chain finance sector and broadened its financial scope of action with the successful issuing of commercial paper programme.

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