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iifl finance: IIFL Finance raises USD 175 mn via ECB route from HSBC, Union Bank, BoB

IIFL Finance, a non-banking finance company, has raised $175 million through external commercial borrowing (ECB). The funds were raised from HSBC, Union Banks Sydney branch, and Bank of Barodas IFSC unit. This brings the total ECB raised by IIFL Finance to $275 million since March. The company aims to strengthen its asset liability position, support growth, diversify borrowing sources, and lower overall borrowing costs. The money has been priced at SOFR plus 200 bps. IIFL Finance operates over 4...
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