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.
Bu hikaye Construction Philosophy dergisinin August 2022 sayısından alınmıştır.
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Bu hikaye Construction Philosophy dergisinin August 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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