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IIFL Finance Limited’s committee approved Rs 350 crore debenture allotment via private placement
02-Sep-2026, 01:55

IIFL Finance Limited announced that its finance committee approved the allotment of 35,000 secured, listed, rated, redeemable non-convertible debentures of face value Rs 100,000 each, aggregating to Rs 350 crore, on a private placement basis. The debentures, designated Series D37, will mature on September 01, 2028, with a coupon rate of 9.25% p.a., and will be listed on the National Stock Exchange of India Limited. The company has created a first ranking pari passu charge over its assets, including gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property, to secure the debentures.