GK and monthly revision

Piramal Finance raises $400 million in ECB from Global, local lenders including Deutsche Bank AG & SMBC

Piramal Finance, a leading Indian financial services company, has secured a $400 million external commercial borrowing (ECB) package from a consortium of global and local lenders, including Deutsche Bank AG and SMBC. The 42-month facility will see about half the principal repaid as a bullet at maturity, priced at SOFR +175 bps. This ECB will help Piramal Finance expand its lending operations and strengthen its financial position, which is relevant for candidates preparing for competitive exams in the banking and finance domains.