(Reuters) - Investment bank Morgan Stanley and BlueOrchard Finance are launching a $108 million bond backed by loans to microfinance institutions that is the first to be rated by a major rating agency.
Microfinance hit the headlines last year when Muhammad Yunus of Bangladesh, who conceived the concept, and the Grameen Bank he founded won the Nobel Peace Prize.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment