Baker McKenzie advised on the USD 1.1 billion social loan facility to HDFC - the world's largest social loan to fund affordable housing in India

Baker McKenzie has advised the mandated lead arrangers, the joint social loan coordinators and the lenders on the USD 1.1 billion syndicated social loan facility to Housing Development Finance Corporation Ltd. ("HDFC"). The loan proceeds will be applied to fund affordable housing projects in India. This facility is the world's largest social loan to date, India's largest social financing issuance, the first social external commercial borrowing ("ECB") loan out of India and the largest ECB loan deal from a housing finance company.

Baker McKenzie advised CTBC Bank, Mizuho Bank, MUFG Bank, State Bank of India and Sumitomo Mitsui Banking Corporation who acted as joint social loan coordinators and mandated lead arrangers. Finance & Projects principal Kah Chin Chu was supported by associate, Nicole Chan.

"We are extremely proud to have worked with our clients on this important and significant transaction and hope the transaction will pave way for more social loans in the Asia Pacific market." said Kah Chin.