Shriram Finance has raised $500 million through a SACE External Commercial Borrowing (ECB) Push loan facility with a 10-year tenor. SACE, Italy’s government-run export credit agency, facilitated the funding to support the financing of Italian vehicles and equipment.
The transaction attracted participation from major global financial institutions, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank and JP Morgan. Collectively, they arranged EUR 393 million and $100 million, underscoring strong international lender confidence in Shriram Finance’s creditworthiness.
With this latest fundraising, Shriram Finance has secured over $2.5 billion in off-shore funding during the current financial year.
Umesh Revankar, Executive Vice Chairman, Shriram Finance, highlighted the company’s ability to navigate global financial markets and build strategic alliances. The funding will further strengthen the Non-Banking Finance Company (NBFC’s) capacity to offer financing solutions for Italian-made vehicles and equipment.
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