International Finance Corporation News

As part of greenfield expansion outside India, country's largest mortgage lender HDFC Ltd has acquired a 15 per cent stake in Tanzania's First Housing Finance for USD 1.5 million.

Based in New York, the Global Impact Investing Network (GIIN) is a not-for-profit group that works to promote impact investments and has around 230 members.

Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771- crore stake sale via qualified institutional placement route.

The vast majority of companies that received money from the World Bank's private lending arm last year to finance investment in Africa's poorest region use tax havens, a campaign group has said.

Bullish on India's growth prospects, International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.

PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects.

This is the first investment of IFC in emerging markets green bond issue in the world, Yes Bank said in a statement.

IFC, a World Bank group member, Wednesday said it has invested USD 35 million in the 10-year non-convertible debentures of PTC India Financial Services(PFS).

The company had accordingly informed IFC and has now received its confirmation for cancellation of loan.

The International Finance Corporation (IFC), the private financing arm of the World Bank, has said it would partner the Indian Renewable Energy Development Agency (IREDA) to provide infrastructure financing for energy projects in India.

The World Bank`s private-sector financing arm on Wednesday launched USD 2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising USD 1 billion in offshore bonds for the sector last year.

The World Bank Group on Wednesday committed USD 15-18 billion loan to India over the next three years as it supports the country's potential 9 percent growth rate.

Non Convertible Debentures (NCDs) have recently become the preferred route of investment for multilateral agency International Finance Corporation (IFC) in debt for NBFCs.