{"id":61685,"date":"2022-03-10T10:20:20","date_gmt":"2022-03-10T10:20:20","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=88175"},"modified":"2022-03-10T10:20:20","modified_gmt":"2022-03-10T10:20:20","slug":"emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/","title":{"rendered":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB"},"content":{"rendered":"

LONDON, March 10, 2022 (GLOBE NEWSWIRE) — Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction.<\/p>\n

The EUR 15 million debt facility comes at a time when financial institutions world-wide are exploring new cross-border funding options to further deliver on their objectives.<\/p>\n

\u201cIncreasing financial inclusion is one of our main strategic goals. We are therefore proud to work with Annapurna \u2013 an experienced partner in the field of microfinance,\u201d stated\u00a0Sabine Gaber<\/strong>, member of OeEB\u2019s Executive Board. \u201cEspecially women often have very limited access to financial services, which is why we are particularly happy that our funds will support female entrepreneurs and contribute to improving gender equality in India.\u201d<\/p>\n

Commenting on the transaction, Annapurna\u2019s CFO\u00a0Satyajit Das<\/strong>\u00a0said, \u201cAnnapurna is very pleased and welcomes OeEB as a new debt partner.\u201d He further shared that, \u201cWe continued to grow despite the pandemic and the funding provided by OeEB will help boost our activities while generating strong positive impact.\u201d He also praised EMGA advisory team in closing the deal.<\/p>\n

EMGA\u2019s Managing Director and Investment Banking Head\u00a0Sajeev Chakkalakal<\/strong>\u00a0said, \u201cIt was a pleasure to be able to communicate Annapurna\u2019s vision of economic empowerment within India and successfully structure and negotiate this funding solution with OeEB.\u201d Managing Director\u00a0Jeremy Dobson<\/strong>\u00a0added \u201cAnnapurna\u2019s strong management and solid financial position were major factors that enabled Sajeev and EMGA\u2019s Investment Banking team to complete this financing in tandem with the deep institutional framework and financial capacity that OeEB represents.\u201d<\/p>\n

Annapurna Finance<\/strong>\u00a0is one of the top ten NBFC-MFIs in India. Annapurna Finance was established with a purpose of serving their clients by bringing them to mainstream, providing need based financial services at their doorstep. They currently operate in 19 states and manage assets of more than EURO 640 mn in microfinance and MSME space. They are headquartered out of Bhubaneswar, Odisha.<\/p>\n

Oesterreichische Entwicklungsbank AG (OeEB)\u00a0<\/strong>has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long-term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects. For more information, please visit\u00a0https:\/\/www.oe-eb.at\/<\/a><\/p>\n

Emerging Markets Global Advisory (EMGA),<\/strong>\u00a0with offices in London and New York, helps financial institutions and corporates seeking debt or equity capital. EMGA\u2019s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world\u2019s emerging markets and frontier economies, including India which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.<\/p>\n

info@emergingmarketsglobaladvisory.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON, March 10, 2022 (GLOBE NEWSWIRE) \u2014 Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction. The EUR 15 million debt facility comes at a time when financial institutions world-wide are [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,260,37,52,415,49],"tags":[],"yoast_head":"\nEMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette\" \/>\n<meta property=\"og:description\" content=\"LONDON, March 10, 2022 (GLOBE NEWSWIRE) \u2014 Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction. The EUR 15 million debt facility comes at a time when financial institutions world-wide are [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\" \/>\n<meta property=\"og:site_name\" content=\"Jordan News Gazette\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T10:20:20+00:00\" \/>\n<meta name=\"author\" content=\"jadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\"},\"author\":{\"name\":\"jadmin\",\"@id\":\"https:\/\/jordannewsgazette.com\/#\/schema\/person\/37628152632903c1c7bd0e8e5f21acbf\"},\"headline\":\"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB\",\"datePublished\":\"2022-03-10T10:20:20+00:00\",\"dateModified\":\"2022-03-10T10:20:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/jordannewsgazette.com\/#organization\"},\"articleSection\":[\"Africa\",\"Asean\",\"MENA\",\"Pakistan\",\"Press Releases\",\"South Africa\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\",\"url\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\",\"name\":\"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette\",\"isPartOf\":{\"@id\":\"https:\/\/jordannewsgazette.com\/#website\"},\"datePublished\":\"2022-03-10T10:20:20+00:00\",\"dateModified\":\"2022-03-10T10:20:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/jordannewsgazette.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/jordannewsgazette.com\/#website\",\"url\":\"https:\/\/jordannewsgazette.com\/\",\"name\":\"Jordan News Gazette\",\"description\":\"Latest Jordan News Online\",\"publisher\":{\"@id\":\"https:\/\/jordannewsgazette.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/jordannewsgazette.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/jordannewsgazette.com\/#organization\",\"name\":\"Jordan News Gazette\",\"url\":\"https:\/\/jordannewsgazette.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/jordannewsgazette.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/jordannewsgazette.com\/wp-content\/uploads\/2020\/06\/jng-logo-op.png\",\"contentUrl\":\"https:\/\/jordannewsgazette.com\/wp-content\/uploads\/2020\/06\/jng-logo-op.png\",\"width\":94,\"height\":95,\"caption\":\"Jordan News Gazette\"},\"image\":{\"@id\":\"https:\/\/jordannewsgazette.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/jordannewsgazette.com\/#\/schema\/person\/37628152632903c1c7bd0e8e5f21acbf\",\"name\":\"jadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/jordannewsgazette.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g\",\"caption\":\"jadmin\"},\"url\":\"https:\/\/jordannewsgazette.com\/author\/jadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/","og_locale":"en_US","og_type":"article","og_title":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette","og_description":"LONDON, March 10, 2022 (GLOBE NEWSWIRE) \u2014 Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction. The EUR 15 million debt facility comes at a time when financial institutions world-wide are [\u2026]","og_url":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/","og_site_name":"Jordan News Gazette","article_published_time":"2022-03-10T10:20:20+00:00","author":"jadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"jadmin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#article","isPartOf":{"@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/"},"author":{"name":"jadmin","@id":"https:\/\/jordannewsgazette.com\/#\/schema\/person\/37628152632903c1c7bd0e8e5f21acbf"},"headline":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB","datePublished":"2022-03-10T10:20:20+00:00","dateModified":"2022-03-10T10:20:20+00:00","mainEntityOfPage":{"@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/"},"wordCount":504,"publisher":{"@id":"https:\/\/jordannewsgazette.com\/#organization"},"articleSection":["Africa","Asean","MENA","Pakistan","Press Releases","South Africa"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/","url":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/","name":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB - Jordan News Gazette","isPartOf":{"@id":"https:\/\/jordannewsgazette.com\/#website"},"datePublished":"2022-03-10T10:20:20+00:00","dateModified":"2022-03-10T10:20:20+00:00","breadcrumb":{"@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/jordannewsgazette.com\/emga-advises-annapurna-finance-on-their-euro-15m-debt-raise-with-funding-from-oeeb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/jordannewsgazette.com\/"},{"@type":"ListItem","position":2,"name":"EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB"}]},{"@type":"WebSite","@id":"https:\/\/jordannewsgazette.com\/#website","url":"https:\/\/jordannewsgazette.com\/","name":"Jordan News Gazette","description":"Latest Jordan News Online","publisher":{"@id":"https:\/\/jordannewsgazette.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/jordannewsgazette.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/jordannewsgazette.com\/#organization","name":"Jordan News Gazette","url":"https:\/\/jordannewsgazette.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/jordannewsgazette.com\/#\/schema\/logo\/image\/","url":"https:\/\/jordannewsgazette.com\/wp-content\/uploads\/2020\/06\/jng-logo-op.png","contentUrl":"https:\/\/jordannewsgazette.com\/wp-content\/uploads\/2020\/06\/jng-logo-op.png","width":94,"height":95,"caption":"Jordan News Gazette"},"image":{"@id":"https:\/\/jordannewsgazette.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/jordannewsgazette.com\/#\/schema\/person\/37628152632903c1c7bd0e8e5f21acbf","name":"jadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/jordannewsgazette.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ff4aa10d4f36ab9dc3cce9e101792273?s=96&d=mm&r=g","caption":"jadmin"},"url":"https:\/\/jordannewsgazette.com\/author\/jadmin\/"}]}},"_links":{"self":[{"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/posts\/61685"}],"collection":[{"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/comments?post=61685"}],"version-history":[{"count":0,"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/posts\/61685\/revisions"}],"wp:attachment":[{"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/media?parent=61685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/categories?post=61685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jordannewsgazette.com\/wp-json\/wp\/v2\/tags?post=61685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}