Mortgage lender HDFC Limited today announced the completion of a $ 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India.
The transaction marks several milestones as it is the largest social loan globally and the first social ECB loan out of India and that too from a Housing Finance Company
This is India's largest social financing issuance, the largest social loan globally, the first social ECB loan out of India and the largest ECB loan deal from a Housing Finance Company/private NBFC in India, HDFC said in a release.
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