CredAble Boosts Capital Market Presence with INR 20 Crores Commercial Paper Success

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Manu PrakashIndia, 26th October 2023: CredAble, a leading name in the world of supply chain finance and working capital solutions is pleased to announce a significant milestone in its financial journey. Through its NBFC (Non-Banking Financial Company), Equentia Financial Service Private Limited, CredAble has successfully issued its first commercial paper program, raising an impressive INR 20 Crores. This strategic move marks a remarkable expansion of the company’s financing options on the capital market and a significant step towards independence from traditional banking channels.

CredAble’s innovative approach to financing has always been at the core of its operations, and this latest development only strengthens its position in the market. The commercial paper program serves as a valuable addition to its existing financing instruments, opening new avenues for capital raising and financial maneuverability. It is a testament to the trust and confidence that investors have in CredAble’s business model and its commitment to driving excellence in supply chain finance.

Commercial Paper (CP) is an unsecured loan instrument issued in the form of a promissory note, typically used by corporations to raise funds in the money markets. CredAble’s successful issuance of its first commercial paper program demonstrates the company’s ability to diversify its funding sources and secure short-term financial support, with maturities ranging from a minimum of 7 days to a maximum of one year from the date of issue.

Manu Prakash, Managing Director and Head of Debt and Capital Markets at CredAble, shared his thoughts on this significant development, saying, “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.”

CredAble has consistently been a trailblazer in the world of finance, pioneering innovations such as Securitized Debt Instruments (SDI) for invoice-backed Supply Chain Finance (SCF) loans. These SDIs are designed to bridge the gap between the supply chain financing asset class and capital market investors, opening up opportunities for a broader range of investors, including non-traditional players like UHNIs (Ultra High Net Worth Individuals) and FPIs (Foreign Portfolio Investors).

This landmark achievement reaffirms CredAble’s commitment to pushing the boundaries of financial solutions, empowering businesses with greater flexibility, and creating opportunities for diverse investor participation. With this successful issuance of a commercial paper program, CredAble has further expanded its financial scope of action and reinforced its position as a leader in the supply chain finance industry.