IIFL Home Finance raises $50-M from DFC

IIFL Home Finance has raised a USD 50 million loan from US International Development Finance Corp (DFC) to grow its affordable housing finance portfolio with a special focus on sustainable housing. The loan was secured at a concessional 5.72% rate, which includes the hedging cost. The mortgage lender is raising debt for the second time this year. In January, it had raised USD 68 million from Asian Development Bank.