Repco Home Finance to raise up to $40 million through NCDs

Repco Home Finance (RHFL) is planning to raise up to $40 million by way of issuing NCDs (non-convertible debentures) to International Finance Corporation (IFC). The fund will be used to lend to individuals in the affordable home segments, especially in the low Tier II and Tier III cities in states outside of South India.

Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is operating through 80 branches and 13 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Gujarat, Odisha, West Bengal and Puducherry.