IIFL Finance Rolls Out ₹2 Billion NCD Bonanza: High Yields, High Security

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IIFL Finance Ltd has greenlit the issuance of secured, rated, listed non-convertible debentures (NCDs) to raise up to ₹2 billion, reinforcing its commitment to robust growth and diversified funding.

Key Highlights:

NCD Issue Details: The public issue aims to raise up to ₹2 billion, with a base issue size of ₹1 billion and a green shoe option for oversubscription. The NCDs are secured, rated “AA/Stable” by CRISIL and ICRA, and will be listed on both BSE and NSE, ensuring liquidity and transparency for investors.

Attractive Yields and Flexible Tenors: Investors can choose from tenors of 15, 24, 36, or 60 months, with interest payout options available monthly, annually, or cumulatively. The highest effective yield stands at 10.24% per annum for the 60-month Series IX, making it one of the more lucrative fixed-income options in the current market.

Purpose of Fundraising: Proceeds from the NCD issue will be used for onward lending, refinancing existing debt, and general corporate purposes, supporting IIFL Finance’s expansive loan book and operational growth across home loans, gold loans, MSME loans, and microfinance.

Strong Institutional Support: The issue is managed by leading investment advisors and wealth managers, reflecting confidence in the company’s credit profile and business model.

Company Snapshot: As of December 2024, IIFL Finance managed assets worth over ₹71,410 crore and operated a network of nearly 5,000 branches nationwide, underlining its reach and scale in the NBFC sector.

IIFL Finance’s latest NCD offering combines attractive returns, high safety ratings, and flexible investment options, positioning it as a compelling choice for fixed-income investors.

Source: Economic Times CFO, AngelOne, CNBC-TV18