PROJECT

Projects

Summary of Investment Information

Project Number

47298

Company Name

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

Date SPI Disclosed

Dec 20, 2022

Country

India

Region

South Asia

Projected Board Date

Dec 12, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Dec 12, 2022
Signed : Dec 16, 2022
Invested : Dec 23, 2022

Sector

Primary Mortgage Institutions

Project Description

The proposed investment comprises a senior debt investment of up to US$400 million in HDFC Limited (HDFC or the Company). The loan proceeds will be used to provide retail buyers financing for affordable housing, with a mutually agreed portion of IFC funding to be earmarked for green affordable housing.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation