HDFC raises $1.1 bn 'social loan' for financing affordable housing segment

HDFC Ltd has raised the amount by way of external commercial borrowings (ECBs). "This 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 company said.

from Banking/Finance-Industry-Economic Times https://ift.tt/kCON603