IIFL Finance has announced the re-purchase and cancellation of USD 12,615,301.22 worth of its Senior Secured Fixed Rate Notes. This move is part of the company’s strategy to manage its debt under the USD 1,000,000,000 Global Medium Term Note Programme. The re-purchase amount includes accrued interest and is part of the total principal outstanding amount of USD 425,000,000 due in 2028. The transaction complies with the applicable laws, including the Foreign Exchange Management Regulations and the Reserve Bank of India’s guidelines on external commercial borrowings. The re-purchase was conducted at a premium and settled in accordance with the limits approved by the Authorised Dealer bank. continues to adhere to the regulatory frameworks set by the Securities and Exchange Board of India and the International Financial Services Centres Authority. Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: IIFL Finance Mumbai Samrat Sanyal