Housing and Urban Development Corporation (HUDCO) has successfully raised $200 million (JPY 30 billion) in its first syndicated loan, termed as a “social loan”, led by Sumitomo Mitsui Banking Corporation (SMBC) Singapore. The oversubscribed deal, initially launched at JPY 15 billion and upsized to JPY 30 billion, aims to enhance HUDCO’s social housing initiatives and urban infrastructure in India. SMBC served as the sole mandated lead arranger, book runner, and social loan coordinator, signaling new opportunities for Indian firms in the Japanese Yen loan markets.
HUDCO Raises $200 Million in Maiden Social Loan
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