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Cholamandalam Investment and Finance enters into agreements to raise $222 million debt funds

Cholamandalam Investment and Finance Company has entered into agreements to raise $222 million debt funds in the form of US dollar bonds from International Finance Corporation (IFC) ($92 million), First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National Bank of Ras AI-Khaimah PJSC ($20 million), and CTBC Bank ($10 million). The debt raising is being anchored by IFC.

Cholamandalam Investment and Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.

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