Avanse Financial Services Limited has secured a multi-currency syndicated External Commercial Borrowing (ECB) loan equivalent to USD 200 million. The loan was arranged with the involvement of DBS Bank Limited, through its IFSC banking unit in Gujarat International Finance Tec-City (GIFT City), and HSBC India, both acting as mandated lead arrangers and book-runners.
The syndication saw participation from banks across several countries, including Taiwan, Japan, Singapore, Sri Lanka, the UAE, and India. The funding consists of commitments totaling USD 141.3 million and a Japanese yen tranche equivalent to USD 58.7 million. Avanse plans to use these funds as a social loan to support students from economically weaker backgrounds in pursuing their academic goals.
Amit Gainda, Managing Director & Chief Executive Officer of Avanse Financial Services, stated: “This syndicated social-linked loan facility marks another important milestone in our mission to make education financing seamless and affordable for every deserving Indian student. This multi-currency transaction reaffirms international lenders’ confidence in our long-term strategy, purpose-driven mission, and ability to deliver sustainable growth while creating consistent value for all our stakeholders. More than a source of capital, such borrowings reflect our conviction that lasting success depends not only on strong financial performance, but also on the positive, measurable impact we create for our social environment, the communities we serve, and all stakeholders connected to our journey.”
Divyesh Dalal, Managing Director & Country Head – Global Transaction Services at DBS Bank India commented: “We are pleased to have led this transaction, which aligns closely with Avanse’s goal of making quality education more inclusive. At DBS, we believe that enabling access to education is key to cultivating talent and driving long-term socio-economic progress. By leveraging our strong syndication and structuring expertise, we aim to deliver innovative solutions that unlock growth opportunities for enterprises. This also underscores DBS’ commitment to purpose-driven banking and our focus on supporting sectors that create meaningful impact.”
Ajay Sharma, Managing Director and Head of Banking at HSBC India added: “We are pleased to work alongside Avanse to arrange their first multi-currency syndicated ECB, reinforcing our focus on the syndicated loans space for Indian financial institutions. This underscores our commitment to support companies, drive meaningful and transformative impact.”
Avanse provides loans across three main segments: international student loans for those studying abroad; domestic education loans covering higher education within India as well as professional programs; and collateral-backed loans for private educational institutions primarily outside major city centers.
DBS Bank operates in 19 markets across Asia with headquarters in Singapore. It has received multiple global awards recognizing its leadership in digital banking innovation and safety standards over consecutive years. In India since 1994—now present in around 350 locations—DBS offers services spanning consumer banking through corporate solutions.
HSBC India delivers a wide range of financial services via its network of branches throughout the country as part of one of the world’s largest banking organizations headquartered in London.
