IIFL Finance Allots ₹100 Cr Perpetual Debt Instruments

IIFL Finance Limited has announced the allotment of 100 Perpetual, Unsecured, Listed, Rated, Debentures in the nature of Non-Convertible Debentures (NCDs) with a face value of ₹1,00,00,000 each, aggregating to ₹100,00,00,000. These NCDs, designated as Series PDI-1 2027, are in dematerialized form and issued on a private placement basis. The allotment was approved by the Finance Committee of the Board of Directors on May 29, 2026. The NCDs are perpetual with a coupon rate of 9.90% p.a., and the first interest payment is scheduled for May 29, 2027. A call option is available to the company after 10 years, subject to RBI approval. The NCDs will be listed on the National Stock Exchange of India Limited.