Industry | 2009.11.12
FINCA International and Deutsche Bank Announce First-Ever Single Microfinance Network Sub-Debt Deal
WASHINGTON--(BUSINESS WIRE)--FINCA International, along with Deutsche Bank, today announced that they have secured total capital commitments of $21.2 million for the FINCA Microfinance Fund B.V., the first-ever single microfinance network sub-debt deal. The fund, which has only private sector investors was about 100 percent oversubscribed and brings a new pool of investors to the microfinance industry. The FINCA Microfinance Fund is the first microfinance subordinated debt deal to be completed s
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