Debt financing

Education-focused NBFC Avanse Financial secures $145-M


Mumbai-headquartered Avanse Financial, an education-focused NBFC, has secured a syndicated social-linked loan facility of USD 145 million in external commercial borrowing (ECB) from 11 banks. The funds will be received in instalments. Standard Chartered Bank coordinated the social loan and served as the sole mandated lead arranger and sole book runner. Avanse Financial claims to have helped nearly four lakh academic aspirants across 4,000+ institutes and 30,000+ courses in about 50 countries. It has also provided growth and working capital to over 2,000 educational institutes catering to over 10 lakh students.

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