Summary: A vendor financing program to enable the Receivables of the Vendors to be securitised and financed by Investors.
Vendors, XYZ Limited (XYZ, a company owned by ABC Group), and the Trustee would enter into an Agreement.
Wherein Vendors will assign Invoices during the tenor of the Facility accepted by RPPL to the Issuer (A Trust set up by the Trustee for the benefit of the Investors).
By virtue of the assignment, Trust shall be the absolute legal and beneficial owner of the receivables.
Trust to issue Pass Through Certificates (“PTCs”) representing an undivided beneficial interest in the receivable Pool.
| Class | Amount (INR Cr) | Tenure* | Rating | Pricing (% papm) | Minimum Subscription Amount (in Cr) |
|---|---|---|---|---|---|
| Series A1 PTC | 25.00 | 13 months | [TBD] | [TBD] | 1.00 |
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