TT&A, Watson Farley & Williams advise Asian Development Bank on sanctioning $100 million to Kisetsu Saison Finance

Asian Development Bank has sanctioned an ECB facility amounting to $100 million availed by Kisetsu Saison Finance (India) Private Limited.

TT&A advised Asian Development Bank on this financing transaction.

The transaction team consisted of Ambarish Mohanty (Partner), Ankita Mandal (Managing Associate) and Sajjan Singh (Senior Associate).

Watson Farley & Williams acted as the International Legal Counsel to Asian Development Bank.

Kisetsu Saison Finance (India) Private Limited is an Indian subsidiary of the Credit Saison Group. The facility forms part of the Borrower’s broader $500 million external commercial borrowing programme, undertaken with multiple co-lenders.

The proceeds of the facility will be used by the Borrower to finance long-tenor loans to micro, small, and medium-sized enterprises (MSMEs) in India under its existing social finance framework, with at least 30% of the funds to be deployed towards eligible women borrowers

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