Loan & Debt10 Jul 2026, 09:20 pm
IIFL Finance Allots $300M Notes Under GMTN Programme
AI Summary
IIFL Finance Limited has announced the allotment of USD 300,000,000 Fixed Rate, Senior, Secured Notes due 2030. This issuance is part of the company's USD 1,500,000,000 Global Medium Term Note Programme. The notes carry a coupon of 7.60% per annum, payable semi-annually, and will mature on July 10, 2030. The proceeds will be used for onward lending and supporting business growth in accordance with ECB Regulations and the Company's Social Financing Framework. The notes are rated B+/B+/Ba3 by S&P, Fitch, and Moody's, respectively, and will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
Key Highlights
- IIFL Finance issued $300M in Fixed Rate, Senior, Secured Notes.
- The notes mature in 4 years with a 7.60% annual coupon.
- Proceeds support business growth and lending activities.
- The issuance is part of a $1.5B Global Medium Term Note Programme.
- Notes are rated B+/B+/Ba3 and will list on IFSC exchanges.
Price Impact
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