IIFL Finance fully repays USD 400 mn bonds

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The Hills Times
By The Hills Times
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MUMBAI, April 21 (PTI): Fairfax-backed IIFL Finance on Friday said it has fully repaid its maiden USD 400 million bond on maturity this month.

The retail focused non-bank had raised the money as part of its medium-term note programme in February 2020.

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Kapish Jain, its group chief financial officer, said the company had pre-paid a portion of the bond early last fiscal — FY23.

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Earlier this month, the Canada-based company had secured USD 100 million in long-term funding from Export Development Canada and Deutsche Bank.

IIFL Finance had a loan book of Rs 57,941 crore in December 2022. It offers home loans, gold loans, digital loans and micro finance loans

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The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
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