DCM Aavas Green Housing
Sector: Residential • Location: India
Source: International Finance Corporation (IFC)
The proposed project envisages an Indian Rupee (INR) denominated investment of up to US$75 million equivalent in Aavas Financiers Limited (“Aavas” or the “Company”), an existing debt client of IFC. The investment will be made by subscribing to the non convertible debentures to be issued by Aavas with a tenor of 5 years. Aavas will use the proceeds of the issuance for providing affordable housing
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project envisages an Indian Rupee (INR) denominated investment of up to US$75 million equivalent in Aavas Financiers Limited (“Aavas” or the “Company”), an existing debt client of IFC. The investment will be made by subscribing to the non convertible debentures to be issued by Aavas with a tenor of 5 years. Aavas will use the proceeds of the issuance for providing affordable housing finance for the purchase/ construction and extension of houses to individuals in low-income groups in India (the “Project”). The Company is in an advisory project with IFC to help develop its green affordable housing business, and there are discussions underway to use part of the IFC proceeds for financing retail purchases of green housing. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |