IFC proposes $250m debt investment in India’s mortgage financier HDFC

Photo: Vivek Prakash/ Bloomberg

World Bank Group member International Financial Corporation (IFC) has proposed a $250 million senior debt investment in Housing Development Finance Corporation (HDFC), India’s largest mortgage financier.

In a disclosure, IFC said the loan proceeds will be used to provide retail buyers financing for affordable housing with a mutually agreed portion of IFC funding to be earmarked for green affordable housing.

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