Indiabulls Housing Finance raises $100-M via ECBs from SBI

Indiabulls Housing Finance (IBHF) has raised USD 100 million from State Bank of India (SBI) through the external commercial borrowing (ECB) route. The five-year loan has been at 275 basis points over the Secured Overnight Financing Rate. The fundraise is expected to help the financier expand offerings for the low-income and affordable housing segments. IBHF has over 151 branches in India.