Shardul Amarchand Mangaldas & Co. advises IFC on USD 500 Million ECB Facility to SIDBI
IFC’s debt proceeds will be utilized by SIDBI for directly lending to MSMEs and for MSME refinance facilities to financial institutions.
IFC’s debt proceeds will be utilized by SIDBI for directly lending to MSMEs and for MSME refinance facilities to financial institutions.
The issue was priced at a 2.76% premium to the floor price determined in accordance with applicable law and saw participation from marquee institutional investors, including ADIA and affiliates of mutual funds and insurance companies such as ICICI Prudential Life Insurance, HDFC Life Insurance, LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund and HSBC Mutual Fund, among others.