Shriram Finance Secures Record $500 Million ECB for Growth

Shriram Finance Ltd has raised $500 million through External Commercial Borrowing, marking the largest SACE-covered loan by an NBFC in India. This facility, backed by Italian agency SACE, underscores global trust in Shriram's financial strategies and commitment to economic development through innovative funding solutions.

Shriram Finance Ltd achieved a significant milestone by securing $500 million via External Commercial Borrowing (ECB), a move hailed as the largest SACE-covered loan garnered by an Indian NBFC. This strategic funding diversifies the company's financial sources and underlines its leadership in offshore fundraising.

Supported by Italy's SACE, the transaction strengthens a global partnership and aims to finance Italian vehicles under Shriram's Social Finance Framework. Esteemed global financial entities, including HSBC, Deutsche Bank, and others, participated, collectively contributing EUR 393 million and USD 100 million.

The facility reflects international lenders' robust confidence in Shriram's creditworthiness, as stated by company officials, further emphasizing its innovative funding solutions and long-term business strategy. Vice Chairman Umesh Revankar highlighted its significance in pushing forward financial inclusion and economic progress.