Loan & Debt21 Sept 2026, 12:34 pm
IIFL Finance Allots ₹130 Cr NCDs on Private Placement
AI Summary
IIFL Finance Limited announced the allotment of 13,000 Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) worth INR 130 crore. The NCDs, Series D37 Reissue I, were issued on a private placement basis with a face value of INR 1,00,000 each. The debentures carry a coupon rate of 9.25% per annum and have a tenor of 2 years, with a maturity date of September 1, 2028. The issuance is secured by a first-ranking pari passu charge over the company's book debts, loans, and receivables related to its various loan portfolios. This move is part of the company's ongoing debt financing strategy.
Key Highlights
- IIFL Finance allotted 13,000 NCDs worth ₹130 crore.
- NCDs are secured, listed, rated, and redeemable.
- Coupon rate is 9.25% p.a. with a 2-year tenor.
- Issuance was done via private placement.
- Secured by a charge on book debts and receivables.
Price Impact
More from IIFL