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Truhome Finance Limited raised its first syndicated ECB of USD 100 million from DBS Bank and SMBC. The funds will expand its lending portfolio for semi-urban and affordable housing.
Truhome Finance Limited is an Affordable Housing Finance Company in India.
Truhome Finance Limited (Formerly Shriram Housing Finance) has successfully raised its maiden syndicated External Commercial Borrowing (ECB) of USD 100 million (approx. ₹870 crore). The company has secured this funding through a social loan facility from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC) as Mandate Lead Arranger and Bookrunner (MLAB) and joint social loan coordinators in this syndication.
The ECB facility carries a coupon of SOFR + 160 basis points, one of the most competitive rates achieved by any Affordable Housing Finance Company (AHFC) in India.
The fund will be utilized to expand Truhome’s lending portfolio, specifically catering to semi-urban and affordable housing segments, ensuring that underserved borrowers have access to homeownership opportunities.
Ravi Subramanian, MD & CEO, Truhome Finance Ltd., said: “This ECB facility is a testament to Truhome’s leadership in the affordable housing finance segment and the trust that marquee global investors have in our business model. Being the first in our segment to achieve this milestone reaffirms our commitment to providing affordable home loans to underserved communities and strengthening financial inclusion in India.”
GS Agarwal, CFO, Truhome Finance Ltd., added: “Diversifying our liability mix through a syndicated social loan at highly competitive rates strengthens our financial position and allows us to scale profitably. This transaction paves the way for future collaborations with domestic as well as global financial institutions, enabling us to drive sustainable growth and bring down overall borrowing costs significantly.”
About Truhome Finance Limited (Formerly Shriram Housing Finance)
Truhome Finance Limited is an Affordable Housing Finance Company in India, registered with the National Housing Bank (NHB). The Company commenced operations in December 2011. The company is rated AA/Stable by CRISIL, India Ratings, and CARE. Truhome Finance was acquired by Warburg Pincus, a pioneer of private equity growth investing, from the Shriram Finance Group in December 2024.
