Truhome Finance raises maiden Syndicated Social ECB of USD 100 Million
Mumbai, March 28 -- Housing finance company Truhome Finance Limited (Formerly Shriram Housing Finance), with an AUM of over Rs 17,000 crore, on Friday said it has successfully raised its maiden syndicated External Commercial Borrowing (ECB) of USD 100 million (approx. Rs 870 crore).
The company has secured this funding through a social loan facility from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC) as Mandate Lead Arranger and Bookrunner (MLAB) and joint social loan coordinators in this syndication, it said in a release.
Structured as a social loan, this facility underscores Truhome's commitment to financial inclusion and sustainable housing finance. The fund will be utilized to expand Truhome's lending portfolio, specifically ca...
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