TT&A assisted IFC in its subscription to secured, unlisted and rated non-convertible debentures for an aggregate amount of INR 820 crores issued and allotted by IIFL Home Finance Limited.

The deal involved a borrower which is a market leader in the housing finance company space and has a fair number of existing creditors. The proceeds of the debentures are proposed to be utilized for funding of loans to (i) low- and middle-income borrowers in India, and (ii) women from economically weaker sections and low-income groups in India to finance affordable housing projects.

TT&A Team: Gautam Saha – Joint Managing Partner; Pallavi Meena & Nikhil Bahl – Partners; Siddharth Tandon – Managing Associate and Farhan Shehab Umar – Associate