IIFL Finance Allots ₹350 Cr in NCDs via Private Placement
IIFL Finance Limited announced the allotment of 35,000 Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹350 Crores. The issuance, under Series D37, was conducted on a private placement basis and approved by the Finance Committee on September 02, 2026. These NCDs mature in 730 days from the allotment date, with a maturity date of September 01, 2028. The coupon rate is 9.25% per annum, with interest and principal payments scheduled for September 02, 2027, and September 01, 2028, respectively. The NCDs are secured by a first-ranking pari passu charge over specific book debts and current assets related to gold, MSME, real estate, and capital market loans.
Key Highlights
- IIFL Finance raised ₹350 Crores through NCD issuance.
- The NCDs are secured, listed, rated, and redeemable.
- The issuance was done via private placement under Series D37.
- Maturity is set for September 01, 2028, with a 9.25% coupon.
- Assets from gold, MSME, and real estate loans secure the NCDs.
Price Impact
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