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Shriram Finance's syndicated loan trebles to $400 million
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HSBC has nearly tripled the size of a syndicated overseas loan to retail non-banking financial company Shriram Finance to $400 million, with international financiers showing firm appetite for lending to the domestic NBFC sector amid a volatile global interest rate outlook.
Senior management of HSBC, the sole arranger for the dollar loan, told ET that the facility had been upscaled from the original size of $150 million to $404 million. The deal will be concluded in the next few days.
«This deal has several firsts and will surely be counted as a landmark transaction for both the borrower and the sector.
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