New Delhi, Feb. 27 -- IIFL Home Finance Limited secured a USD 300 million loan agreement with the Asian Development Bank to expand access to affordable housing finance for lower-income borrowers, specifically targeting women in India. The financing package represents the company's first syndicated external commercial borrowing and aims to address the significant housing deficit in the country.

According to a press release, the Asian Development Bank acted as the mandated lead arranger and bookrunner for the package. The total amount consists of USD 150 million directly from the Asian Development Bank and an additional USD 150 million in parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank.

IIFL Home Finance pl...