PROJECT

Projects

Summary of Investment Information

Project Number

38638

Company Name

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

Date SPI Disclosed

May 9, 2017

Country

India

Region

South Asia

Projected Board Date

Jun 12, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 2, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 8, 2017
Signed : Jun 22, 2017
Invested : Nov 16, 2017

Sector

Primary Mortgage Institutions

Project Description

The proposed project envisages a debt investment in Housing Development Finance Corporation Limited.  (“HDFC” or the “Company”) which is the largest private sectorHousing Finance Company (HFC) in India, headquartered in Mumbai, Maharashtra with a customer base of5.7 million customers and a loan portfolio of approximately INR2.8 trillion (US$42billion equivalent) as of December 2016. The investment proceeds from the proposed project by IFC would be used to support HDFC for on-lending to developers of affordable housing projects in India.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation