Shriram Finance Limited Achieves significant Milestone with Largest MultiCurrency Syndicated Loan by a NBFC for USD 1.277 billion equivalent
Biznextindia : Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has reached a historic milestone by successfully raising USD 1.277 billion equivalent in multiple currencies, including USD, EUR, and AED, through a notable External Commercial Borrowing (ECB) loan transaction. This landmark deal, executed in partnership with 12 leading banks, including prominent development institutions such as the International Finance Corporation, features tenors of up to five years. Not only does this transaction represent the largest syndicated ECB loan ever secured by an Indian private non-banking financial company (NBFC), but it also highlights Shriram Finance’s leadership in accessing global capital markets and setting new standards in international fundraising. This historic transaction not only underscores SFL’s ability to navigate complex international financial market transactions but also reflects its strategic acumen in diversifying funding sources while maintaining cost efficiency. The facility’s scale, structure, and seamless execution highlight the company’s position as a trusted partner for global lenders and its unwavering focus on delivering innovative financial solutions to underserved segments. The proceeds from this Social Loan will be deployed to empower small entrepreneurs and support vulnerable groups across India, in line with SFL’s mission of fostering inclusive growth.
“This landmark transaction is a defining moment for Shriram Finance. It not only highlights our ability to navigate the complexities of global financial markets but also reinforces our commitment to creating a meaningful social impact. As the largest syndicated multi-currency transaction by a private sector NBFC, this facility underscores the confidence and trust that international lenders have in our vision, mission, and ability to deliver sustainable growth” Mr. Umesh Revankar, Executive Vice Chairman of Shriram Finance Limited