The loan has been priced competitively at a margin of 90 bps over SOFR (Secured Overnight Financing Rate), a press release from HDFC said.
"This transaction marks several meaningful milestones, including 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," it said.
The landmark financing further promotes HDFC's longstanding mission to be the leading provider of housing finance in India. Proceeds from the social loan would go towards financing affordable housing loans," the release said.
Diese Geschichte stammt aus der August 2022-Ausgabe von Construction Philosophy.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 2022-Ausgabe von Construction Philosophy.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
NEW PLASMA BORING ROBOT
Plasma Boring Robot can dig tunnels 100 times faster and 98% cheaper
Span Floors launches 'Serene Summer'
Span Floors, a leading brand of wooden flooring in India, has introduced a new collection of summer flooring called the Serene Summer.
ALSTONE ALCOMB
ALSTONE India Launches Futuristic and Revolutionary
DIGITAL TECHNOLOGY AND ITS RELEVANCE IN DESIGN
With the complexity of designs that we witness worldwide today, a digital uprising is very critical.
Office leasing rose 3-fold across India in June 2022 quarter
A good 60% of the homebuyers in the country say that faced many challenges while acquiring property and as much as 40% of them also encountered issues after getting possession of their homes, according to a new survey.
Real Estate Crisis Goes Out of Control
Home sales in China have collapsed by nearly 60% compared to a year ago, and the current constant decline of sales (11 months) is pegged to be the worst in Chinese history.
Rate hike to further slow housing market
Fourth consecutive BoA is threatening rate increase by to drive up cost of borrowings and result in a sharp slump in the housing market.
Massive housing shortage across the U.S.
America has fallen 3.8 million homes short of meeting housing needs, which includes both rental housing and homes meant for ownership.
CASE Construction Equipment appoints Sunil Puri as MD, India & SAARC Operations
CASE Construction Equipment India Ltd, a brand of CNH Industrial has appointed Mr. Sunil Puri as Managing Director, India.
Anirban Gupta joins Colliers as MD, Kolkata
Leading diversified real estate professional services and investment management firm Colliers has appointed Anirban Gupta as the Managing Director of Kolkata to drive the organization's growth in East India.
