HT Bureau
GUWAHATI, April 8: IIFL Finance Limited, a non-banking financial company (NBFC), on Tuesday said that it would raise up to Rs 500 crore through a public issue of bonds offering coupon of up to 10.25% per annum.
The funds raised would be used for the purpose of onward lending, financing and general corporate purposes.
Related Posts:
The NCDs are rated “Crisil AA/Stable” by Crisil Ratings Limited and ”[ICRA] AA (Stable)” by ICRA Limited. The debentures with these ratings are considered to have high degree of safety regarding timely servicing of financial obligations. Such debentures carry very low credit risk. The issue opened on April 7 and closes on April 23, 2025.
IIFL Finance would issue NCDs up to Rs 100 crore (“Base Issue Size”), with an option to retain over-subscription of up to Rs 400 crore (“Green Shoe Option”) aggregating up to Rs 500 crore. The NCDs under Series IX offer highest effective yield of 10.24% per annum for the tenor of 60 months. The NCDs are available in tenors of 15 months, 24 months, 36 months and 60 months. The frequency of interest payment is available on monthly, annual and cumulative basis.
