Shriram Finance Ltd. secured a record $1.28 billion social loan, the largest offshore borrowing by an Indian shadow lender. The multi-currency deal includes dollar, euro, and dirham tranches with tenors ranging from three to five years. This borrowing follows tightened regulations on local currency loans, driving Indian shadow banks to seek offshore funding.
from Banking/Finance-Industry-Economic Times https://ift.tt/Qr58qRu
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