IIFL Finance to issue NCDs, outlook revised to stable

IIFL Finance Limited announced the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. Approved by the Finance Committee, the offering includes two options, both up to 30,000 NCDs. Both options involve INR 300 Crore offerings, each with a face value of INR 1,00,000 per NCD. Option A has a base issue size of INR 100 Crore, while Option B's base issue is INR 50 Crore. The date of allotment for both options is scheduled for June 24, 2025. Option A's NCDs are tenured for 10 years, maturing on June 20, 2035, with annual interest payments beginning June 20, 2026. Option B's NCDs have a seven-year term, maturing on June 24, 2032, with monthly interest starting August 1, 2025.