IIFL Finance allots INR 400 crore in non-convertible debentures

IIFL Finance announced the allotment of 40,000 NCDs of Series D29 Option C, with a face value of ₹1,00,000 each, aggregating to ₹4,00,00,00,000 (₹400 crore). The finance committee approved the allotment on March 20, 2025. The NCDs are secured, listed, rated, and redeemable. They will carry a coupon rate of 9.90% per annum, with interest payable on January 16, 2026, and April 20, 2026. The principal will be repaid on April 20, 2026, which is the maturity date. The NCDs are listed on the National Stock Exchange of India Limited. The tenure of the instrument is 396 days from the allotment date, with a maturity date of April 20, 2026.