Navi closes $24.5 million personal loan securitization deal
23 Oct 2024, 05:51 PMGoldman Sachs is the seventh multinational bank to lend to Navi Finserv.
Team Head&Tale
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Oct 15: Navi Finserv announced the completion of a $24.5 million loan securitization transaction with Goldman Sachs (India) Finance Private Limited, the NBFC arm of Goldman Sachs in India.
Goldman Sachs is the seventh multinational bank to lend to Navi Finserv.
The transaction is structured via pass-through certificates with IND AA (SO) (India Ratings) and is backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv.
A Navi Finserv spokesperson said, “This transaction with Goldman Sachs will fuel Navi Finserv's long-term mission to simplify and enable access to finance for a billion people. Navi Finserv continues to scale its operations with high-quality underwriting, to help bring more people into the formal financial system by offering them access to seamless credit and delivering exceptional customer experience.”
Hitesh G, an executive director in FICC Credit Structuring at Goldman Sachs in India, said, “Goldman Sachs is focused on providing unique debt solutions in India as companies seek liquidity to strengthen their balance sheets for growth."
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