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.
HDFC Ltd has announced the completion of the USD 1.1billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced 90 basis points over Secured Overnight Financing Rate (SOFR)."Affordable .
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.