Housing Improvement Finance Company introduced the completion of the USD 1.1 billion Syndicated Social Mortgage Facility for the financing of inexpensive housing in India.
The mortgage has been priced competitively at a margin of 90 bps over SOFR (Secured In a single day Financing Fee). This transaction marks a number of significant milestones, together with India’s largest social financing issuance, the biggest social mortgage globally, the primary social ECB mortgage out of India and the biggest ECB mortgage deal from a Housing Finance Firm/ personal NBFC in India.
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(This story has not been edited by Enterprise Customary workers and is auto-generated from a syndicated feed.)
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First Revealed: Fri, August 05 2022. 09:10 IST