{"id":57348,"date":"2022-08-05T15:05:00","date_gmt":"2022-08-05T09:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=57348"},"modified":"2022-08-05T15:00:15","modified_gmt":"2022-08-05T09:30:15","slug":"biz-hdfc-ld-social-loan","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-hdfc-ld-social-loan\/","title":{"rendered":"HDFC raises Rs 8,700 cr as &#8216;social loan&#8217; to finance affordable housing segment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-399653405\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under &#8216;Syndicated Social Loan Facility&#8217; to cater to the affordable housing segment in the country.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4232756463\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The country&#8217;s largest mortgage lender by asset size said it has raised the amount by way of external commercial borrowings (ECBs).<\/p>\n<p>&#8220;This landmark financing further promotes HDFC&#8217;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,&#8221; the company said in a release.<\/p>\n<p>MUFG Bank Ltd (MUFG) is the lead social loan coordinator for this transaction along with being one of the Mandated Lead Arranger and Borrowers (MLAB), it said.<\/p><div class=\"trade-content_5\" id=\"trade-2203847944\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>CTBC Bank, Mizuho Bank, State Bank of India and Sumitomo Mitsui Banking Corporation are the other MLABs and joint social loan coordinators.<\/p>\n<p>This is India&#8217;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, HDFC said.<\/p>\n<p>External Commercial Borrowings are instruments used by domestic entities to raise capital from overseas markets in Indian rupee or any other permitted foreign currency.<\/p>\n<p>Since its inception in 1977, the largest mortgage lender by asset size in the country has financed 95 lakh housing units and has a gross loan book of Rs 6.7 lakh crore.<\/p>\n<p>&#8220;Affordable housing is a critical component of quality infrastructure as also a growth driver for the real estate industry and the economy at large given its strong linkages to nearly 300 industries. It contributes to capital formation, employment, and income opportunities,&#8221; Deepak Parekh, Chairman, HDFC Ltd, said on the borrowing programme.<\/p>\n<p>He said a boost to affordable housing will play a significant role towards the &#8216;Housing for All&#8217; objective of the government.<\/p><div class=\"trade-content-10\" id=\"trade-3887968440\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;The aspiration to own a home is inherent in every household. In India, housing will play an important role as a catalyst for growth with increased demand for affordable housing, Parekh said further.<\/p>\n<p>HDFC terms the social loan as a &#8216;landmark financing&#8217; which promotes the company&#8217;s longstanding mission to be the leading provider of housing finance in India.<\/p>\n<p>Loans by the company have assisted over 314,000 beneficiaries, mostly in affordable housing, under the CLSS (credit-linked subsidy schemes) of Pradhan Mantri Awas Yojana (PMAY), the highest by any financial institution in India, as per HDFC. PTI KPM DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3125004718\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under &#8216;Syndicated Social Loan Facility&#8217; to cater to the affordable housing segment in the country. The country&#8217;s largest mortgage lender by asset size said it has raised the amount by way of external [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-57348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HDFC raises Rs 8,700 cr as &#039;social loan&#039; to finance affordable housing segment - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-hdfc-ld-social-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC raises Rs 8,700 cr as &#039;social loan&#039; to finance affordable housing segment\" \/>\n<meta property=\"og:description\" content=\"Mortgage lender HDFC Ltd on Friday said it has raised USD 1.1 billion (around Rs 8,700 crore) from a clutch of investors under &#8216;Syndicated Social Loan Facility&#8217; to cater to the affordable housing segment in the country. 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