Credit Saison India secures $150m funding from Japan’s Mizuho Bank

Mizuho Bank had earlier made an equity investment for a 15% stake in the company.

Japan’s Mizuho Bank is investing $150m in Credit Saison India, according to a press release.

The non-banking financial company (NBFC) secured the external commercial borrowing (ECB) funding under a bilateral agreement.

Mizuho Bank had earlier made an equity investment for a 15% stake in Credit Saison India, and an investment of $145m in 2024.

The transaction is funded through Mizuho’s GIFT City branch with a five-year tenor.

Earlier, Credit Saison India has secured a $200m syndicated loan with the participation of Axis Bank, Singapore’s DBS Bank, and Taiwan’s CTBC Bank. It has also separately raised $100m from a major Indian bank, according to a press release.