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Our Bureau

Mumbai , March 30

IDBI Bank has completed its maiden Rs 82-crore securitisation of its home loan portfolio.

Coming as it does, the mortgage-backed securitisation (MBS) running into Rs 82 crore is in 3 tranches spread across seven investors, with Finolex Cables being one of them.

Said IDBI Bank's head for Structured Finance, Mr V. Srinivasan, "This MBS structuring and sales capability will complement the bank's home loan asset-booking infrastructure. A significant feature of the securitisation is that it incorporates accentuated prepayment protected and prepayment prone tranches."

Mr P.B. Parasnis, Director (Finance), Finolex Cables, said: "The bank's MBS issuance provided us an excellent opportunity of investing in a very high quality paperat an attractive spread."

More Stories on : Securitisation | Private Banks | Housing Finance

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