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Motilal Oswal Home Finance signs $100 million NCD deal with Asian Development BankMotilal Oswal Home Finance signed a deal with the Asian Development Bank to raise $100 million in rupee debt via debentures, supporting affordable housing loans for women and green housing.By Anshul  March 5, 2026, 7:18:09 AM IST (Published)2 Min ReadMotilal Oswal Home Finance has signed an agreement with the Asian Development Bank to raise $100 million in rupee-equivalent debt through the issuance of non-convertible debentures (NCDs), the company said.

The funding will be deployed primarily to extend affordable housing loans to women borrowers. The company said 10% of the proceeds will be used to finance the construction of residential units that meet recognised green building certification standards.

The transaction marks a cross-border debt raise for the housing finance company and adds a multilateral lender to its funding base. The company said the long-tenor capital will support its asset-liability management and diversify its borrowing profile.

Sukesh Bhowal, Managing Director and Chief Executive Officer of Motilal Oswal Home Finance, said the partnership will help expand affordable housing finance in underserved and emerging towns. He added that part of the funding will support green housing initiatives.

Bhavin Shah, Chief Financial Officer, said access to longer-tenor funds at competitive terms will help improve cost efficiency and strengthen balance sheet management.

Isabel Chatterton, Director General, Private Sector Operations Department at the Asian Development Bank, said the financing aims to expand access to affordable housing loans for women and support the company’s entry into the green-certified housing segment, while promoting inclusive access to formal credit.

The company did not disclose the tenure or pricing details of the NCD issuance.

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