The International Financial Review (IFR) Asia, has announced BRAC’s USD180mn securitization as the winner of the Asian award for the securitization deal of the year. IFR Asia is a Thompson publishing magazine which concentrates on the Asian Capital Markets.
This deal has also found recognition from the CFO magazine, winning one of the Seventh Annual Deals of the Year Awards. In its cover story on how global liquidity is driving financial innovation in Asia, it said about the BRAC deal “In a year when the Nobel Foundation recognized the role of micro-finance in promoting peace in impoverished nations, the securitization of US$180m in BRAC (Bangladesh Rural Advancement Committee) loans in Bangladesh becomes a more meaningful endeavor for the non-profit organization. Completed in September, the deal brought innovation to funding for the poor, introducing a commercial transaction that may be replicated in countries where micro-credit exists.”
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