IIFL Home Finance Gets $300M Loan from Asian Development Bank
NEW DELHI: IIFL Home Finance (IIFL HFL) has secured a $300 million syndicated external commercial borrowing (ECB) facility from the Asian Development Bank (ADB). The financing package consists of $150 million from ADB, along with another $150 million through parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank. ADB served as the mandated lead arranger and bookrunner for this deal. This is IIFL HFL’s inaugural syndicated ECB facility. The funds will be allocated to provide home loans to women in low-income communities in peri-urban and urban areas, especially in economically disadvantaged states. Over 25% of the loan…