Debt financing
IIFL Home Finance gets $100-M from Asian Infrastructure Investment Bank
Investor Announcement Economic Times
Abu Dhabi Investment Authority (ADIA)-backed IIFL Home Finance has raised a USD 100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending to economically weaker segments and to the builders of low-cost apartments.The loan is raised for five years with an all-inclusive cost of 8.58% a year. This is the second ECB raised by IIFL Home Finance this fiscal.Founded in 2006, IIFLHF supports first-time homebuyers from the EWS (Economically Weaker Sections) and LIG (Low Income Groups) and claims to have served over 4 lakh customers.
Between Feb 2022 and Aug 2023, IIFL Home Finance had attracted about USD 500 M from ADB, ADIA, DFC and IFC.For FY24, IIFL Home Finance had reported about INR 3,121 Cr in Operating Income and about INR 1,017 Cr in PAT.
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