Sunday, Apr 13 2025 | Time 00:23 Hrs(IST)
Business EconomyPosted at: Mar 28 2025 3:38PM


Truhome Finance raises maiden Syndicated Social ECB of USD 100 Million

Mumbai, Mar 28 (UNI) 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 catering to semi-urban and affordable housing segments, ensuring that underserved borrowers have access to homeownership opportunities.
Ravi Subramanian, MD & CEO, Truhome Finance Ltd., said “This ECB facility is a testament to Truhome’s leadership in the affordable housing finance segment and the trust that marquee global investors have in our business model. Being the first in our segment to achieve this milestone reaffirms our commitment to providing affordable home loans to underserved communities and strengthening financial inclusion in India.”
With this landmark social loan facility, Truhome Finance continues to lead the affordable housing finance sector, driving innovation in capital markets while furthering its mission to make homeownership affordable and accessible to all.
The ECB facility carries a coupon of SOFR + 160 basis points, one of the most competitive rates achieved by any Affordable Housing Finance Company (AHFC) in India.
UNI SKB SJC
Please log in to get detailed story.
Tags: #Truhome Finance raises maiden Syndicated Social ECB of USD 100 Million
More News

Avira Diamonds opens first boutique in Hyderabad, plans 10 new stores across AP & Telangana by 2026

12 Apr 2025 | 1:57 PM

Hyderabad, Apr 12 (UNI) Avira Diamonds, one of India's premier lab-grown diamond jewellery brands, marked a significant milestone on Saturday with the launch of its first exclusive boutique in Telangana at Madhapur, Hyderabad.

see more..

Purabi Dairy records more than Rs 320 crore turnover in FY 24-25

12 Apr 2025 | 1:55 PM

Guwahati, Apr 12 (UNI) The West Assam Milk Producers Co-operative Union Ltd (WAMUL), popularly known as Purabi Dairy, has achieved a significant milestone with its state-of-the-art milk processing plant at Panjabari, Guwahati, receiving the ISO 22000 certification, while its cattle-feed plant at Changsari has been awarded the ISO 9001 certification.

see more..

Affle Unveils AI-led Initiatives at 3i Summit; Enters Third Decade

11 Apr 2025 | 7:28 PM

Mumbai, Apr 11( UNI) Affle, a leading global consumer technology company, marked its entry into its third decade by unveiling a powerful new vision for advertising at an exclusive 3i Summit according to a statment issued here on Friday.

see more..
Hyd: NIRDPR inks MoU with IIPH to strengthen rural health and development initiatives

Hyd: NIRDPR inks MoU with IIPH to strengthen rural health and development initiatives

11 Apr 2025 | 6:30 PM

Hyderabad, Apr 11 (UNI) The National Institute of Rural Development and Panchayati Raj (NIRDPR) and the Indian Institute of Public Health, Hyderabad (IIPH-H) entered into a formal partnership by signing a Memorandum of Understanding (MoU) aimed at advancing research, capacity building, and policy initiatives in the area of rural health and development.

see more..
Factory output slows down to 2 9 pc in February

Factory output slows down to 2 9 pc in February

11 Apr 2025 | 5:32 PM

New Delhi, Apr 11 (UNI) India's factory output measured in terms of Index on Industrial Production (IIP) grew at 2.9% year-on-year (YoY) in February 2025 as compared to 5% rise in the previous month, as per official data released on Friday.

see more..