IIFL Finance to issue debentures on private placement

IIFL Finance announced that its Finance Committee approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis in a meeting held on February 28, 2025. The company aims to issue up to 15,000 secured, listed, rated, redeemable NCDs - Series D31, including a green shoe option to retain oversubscription. The total size of the issue is INR 15,000 Crore (INR 1,50,00,00,000) and the NCDs will have a face value of INR 1,00,000 each, with an initial base issue size of INR 75 Crore and an option to retain oversubscription up to INR 75 Crore. The debentures are proposed to be listed on the National Stock Exchange of India. The tenure, allotment date, maturity date, coupon rate, schedule of payment, and security details will be outlined in the relevant Key Information Document. This information is also available on the company’s website, www.iifl.com.