Hdfc Seeks $200m Ifc Loan

The Housing Development Finance Corporation Ltd (HDFC) has approached the International Finance Corporation (IFC), for a $200 million loan to be raised in two tranches.

Earlier, HDFC had postponed its plan for raising a second round of $100 million from the overseas market.

Under the scheme of arrangement, the first tranche of loan will be between $100 million and $150 million for a tenure of 8 years. The second tranche will be between $50 million and $100 million for six years.

HDFC managing director Keki Mistry had earlier said that a reduction in the housing finance major