AZB & Partners Advised Consortium Of Lenders On $100 Million Loan To HDFC Credila
AZB & Partners Advised Consortium Of Lenders On $100 Million Loan To HDFC Credila
AZB & Partners, advised a consortium of Lenders led by DBS Bank, GIFT City, on a significant USD 100 million secured and syndicated External Commercial Borrowing (ECB) loan to HDFC Credila Financial Services Limited. The loan aims to bolster HDFC Credila's expanding retail education loan franchise.
DBS Bank Ltd. spearheaded the syndicated External Commercial Borrowing (ECB) loan for HDFC Credila through its unit in Gujarat International Finance Tec-City (GIFT City). HDFC Credila, a former subsidiary of HDFC Limited (now HDFC Bank), specializes in the education loans business.
HDFC Credila stands as the country's first and largest dedicated education finance company, having aided over 168,000 Indian students thus far. With a vast portfolio encompassing 4,500 universities across 61 countries, HDFC Credila focuses on assisting students aspiring to pursue education in India and abroad, including the U.S., Canada, the U.K., and Australia.
The loan will enable HDFC Credila to diversify its funding sources and strengthen its prominent position in the education finance sector.
The AZB deal team, led by Senior Partner Anand Shah, Partner Hufriz Wadia, and Senior Associate Shivani Agarwal, collaborated with Baker McKenzie, where Principal Kah Chin Chu and Associate Daryl Tan served as English Law Counsel for the lenders.
