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Credit Saison : Indian Subsidiary Raises a Record USD 500 Million ～Asian Development Bank Participates for the First Time, Accelerating Further Growth～
Credit Saison : Indian Subsidiary Raises a Record USD 500 Million ～Asian Development Bank Participates for the First Time, Accelerating Further
About this update from Suruga Bank Ltd.
[{"type":"text","content":"Kisetsu Saison Finance (India) Pvt. Ltd. (hereinafter \"Credit Saison India\"), an Indian subsidiary of Credit Saison Co., Ltd. (Headquarters: Toshima-ku, Tokyo; Representative, Executive President and COO: Katsumi Mizuno; hereinafter \"the Company\"), has signed an agreement to execute a multi-currency ECB* syndicated loan totaling US$500 million, the largest amount in its history.\n Credit Saison India has been steadily expanding its business foundation in India. It currently operates over 100 locations nationwide, and its loan receivables balance has exceeded approximately 385 billion yen (as of the end of March 2026, an increase of approximately 124% year-on-year), continuing to grow steadily. Furthermore, the company's plan for fiscal year 2026 projects a loan receivables balance of approximately 475 billion yen and a business profit contribution of around 10 billion yen. Against the background of this business expansion, Credit Saison India's funding needs are increasing further, and this transaction represents a critical source of funding to support its growth.\n In addition to the Asian Development Bank (ADB), a total of six banks are participating as joint lead arrangers: Mizuho Bank, Ltd. (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Masahiko Kato; hereinafter \"Mizuho Bank\"), which holds an equity stake in Credit Saison India; State Bank of India (SBI), the largest public sector bank in India; Axis Bank, a major commercial bank in India; CTBC Bank of Taiwan; and DBS of Singapore. The participation of major financial institutions from various countries underscores Credit Saison India's business growth potential and strong international creditworthiness.\n ADB is a leading multilateral development bank supporting inclusive, resilient, and sustain able growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members - 50 from the region.\n ADB's financing will support the Company's efforts to expand onward lending towards individuals and micro, small, and medium-sized enterprises (MSMEs), including to female borrowers. Furthermore, by meeting the ADB's standards, Credit Saison Ind...