IIFL Finance Limited has announced that its Board has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹150 crore on a private placement basis. The issuance includes a green-shoe option to retain oversubscription up to ₹75 crore, making the total issue size ₹150 crore.
Key Details of the NCD Issuance:
- Type of Securities: Unsecured Subordinated Listed Rated Redeemable Non-Convertible Debentures – Series D26.
- Size of Issue: ₹150 crore with a base issue size of ₹75 crore and a green-shoe option of ₹75 crore.
- Coupon Rate: 9.50% p.a.
- Tenure: 10 years, maturing on October 16, 2034.
- Listing: The NCDs will be listed on the National Stock Exchange of India.
This issuance is part of IIFL Finance’s strategic efforts to raise capital through long-term debt instruments.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Readers are advised to seek independent financial advice before making any investment decisions.
