PROJECT

Projects

Summary of Investment Information

Project Number

40557

Company Name

ADITYA BIRLA CAPITAL LIMITED

Date SPI Disclosed

Jan 16, 2018

Country

India

Region

South Asia

Projected Board Date

Apr 16, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 4, 2018

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 6, 2018
Signed : Mar 27, 2018
Invested : Oct 1, 2018

Sector

Finance Companies

Project Description

  The proposed IFC investment involves supporting the renewable energy lending program of Aditya Birla Finance Limited (“ABFL” or the “Company”), a Systemically Important Non-Deposit Accepting Non-Banking Finance Company (NBFC) in India through an INR ECB loan or subscription to NCDs (green bonds) issued by the Company. The INR ECB loan will be issued under Track III of RBI’s ECB guidelines. While the NCD issuance shall comply with SEBI (Indian regulator of the securities market) guidelines for green bonds. The proceeds of the issuance shall be on-lent by ABFL to solar projects in select states of India.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation