Piramal Capital raises $300-M through overseas sustainability bonds

Piramal Capital and Housing Finance has raised USD 300 million in the overseas market through sustainability bonds. The proceeds from the issue will be used to fund social projects, including affordable housing, MSME business loans, priority sector loans, and microfinance.The non-banking financial company (NBFC) intends to raise its international borrowings to 10% of its liabilities from less than 1% now.