IIFL Finance Allots ₹350 Crore in NCDs on Private Placement Basis
IIFL Finance allotted 35,000 NCDs worth ₹350 crore on September 02, 2026. The debentures carry a 9.25% annual interest and mature on September 01, 2028. The issuance is secured by company assets and is listed on NSE.
The issuance of ₹350 crore in NCDs is a material amount that will impact the company's capital structure and liquidity. It indicates ongoing funding activities to support its business operations.
The announcement pertains to a routine debt issuance via private placement, which is a standard financing activity for the company. It does not contain any elements that would significantly alter the company's financial standing or market perception in a positive or negative way.
IIFL Finance Limited has announced the allotment of 35,000 Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) under Series D37 on a private placement basis. The total issue size amounts to ₹350 crore (Indian Rupees Three Hundred Fifty Crores Only), with each debenture having a face value of ₹1,00,000 (Indian Rupees One Lakh Only).
The allotment was approved by the Finance Committee of the Board of Directors on September 02, 2026. These NCDs are proposed to be listed on the National Stock Exchange of India Limited. The tenure of the instrument is 730 days from the deemed date of allotment, with a coupon rate of 9.25% per annum.
Interest payments are scheduled for September 02, 2027, and September 01, 2028. The principal amount will be redeemed on September 01, 2028. The debentures are secured by a first-ranking pari passu charge over specified current assets and book debts of the company, primarily arising from its lending activities. In case of default in payment of interest or principal beyond three months from the due date, the company will pay additional interest at 2% per annum over the applicable coupon rate.
A plain-language summary of a public exchange filing by IIFL Finance Limited. Read the original for the full detail.