Shriram Finance Limited (SFL) has raised a groundbreaking $500 million loan through SACE, Italy’s export credit agency, marking a significant milestone for Indian NBFCs. The 10-year facility is aimed at financing Italian vehicles under SFL’s Social Finance Framework, highlighting the company’s global fundraising success.
Loan Details
On February 13, 2025, Shriram Finance Limited (SFL) announced the successful raising of a $500 million External Commercial Borrowing (ECB) loan, backed by SACE, marking a first for Indian non-banking financial companies (NBFCs).
This landmark facility will support the financing of both new and used Italian vehicles under the company’s Social Finance Framework.
The loan, a 10-year term facility, is structured to meet SFL’s strategy of enhancing sustainable funding sources.
It was arranged with the support of international financial institutions, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank, and J.P. Morgan, reinforcing confidence in SFL’s operational strength and creditworthiness.
SACE, Italy’s Export Credit Agency, is a finance and insurance group directly controlled by the Ministry of the Economy and Finance. It focuses on supporting businesses and Italy’s economic system by offering a variety of tools and solutions that enhance competitiveness both domestically and internationally.
For the past 50 years, SACE has been a key partner for Italian exporters seeking growth in foreign markets. Additionally, it helps the banking sector with financial guarantees to improve access to credit, liquidity, and investment, contributing to Italy’s Green New Deal. SACE operates globally, with 14 offices located in key markets for Italian exports.
Shriram Finance Limited’s share price rose by 1.24% today, reaching ₹553.95 at 12:25 PM on the NSE, after opening at ₹547. The stock hit a high of ₹560.25 and a low of ₹538 during the session. The rise in the stock price added to yesterday’s gain of 1.6%.
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Published on: Feb 13, 2025, 12:28 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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