IIFL Finance, the non-banking finance arm of IIFL, has raised $175 million through a three-year external commercial borrowing (ECB) from lenders including HSBC and Bank of Baroda. The loan, priced at SOFR +200 basis points, will be used for onward lending purposes. $75 million was raised from HSBC and $50 million from Bank of Baroda, with the remaining amount secured from other lenders. IIFL Finance aims to reduce its cost of borrowing and diversify its borrowing sources with these funds.
- VC investing barely above $1 billion, a decline of 69% from Q1, 2022 and 64% from Q1, 2021 - All dollar ($) figures in Canadian dollars unless otherwise
When central banks started raising interest rates to curb inflation, the assumption was that consumer spending, representing 2/3 of Western economies’ GDP, would be reduced and inflation would fall during
The parties are working on holding an online seminar for Belarusian businesses on opportunities to enter third markets using the Dubai hub and organizing a sectoral video conference for UAE business on the prospects of doing business with Belarus.