IIFL Finance Plans To Raise Rs 1,000 Crore Through Secured Bonds Of Various Maturity, Offers Upto 8.75% Yield

INSUBCONTINENT EXCLUSIVE:
The bonds offer a yield of 8.75 per cent per annum for a tenor of 60 months IIFL
Finance plans to raise Rs 1,000 crore by opening a public issue of secured bond son September 27, aimed at capital augmentation and business
growth
The bonds offer upto 8.5 per cent of yield and high degree of safety, according to a recent statement shared by the non-banking financial
company
green-shoe option to retain an over-subscription up to Rs 900 crore - aggregating to a total of Rs 1,000 crore.The non convertible
debentures or NCDs are fixed income instruments that are usually offered by high-rated companies in the form of a public issue to gather
available in tenors of 24 months, 36 months, and 60 months, as per details of the statement.The company has fixed the frequency of interest
and at the maturity basis
public issue will open on September 27, 2021 and closes on October 18, 2021, with an option of early closure.The allotment will be made on
population
The funds raised will be used to meet credit need of more such customers and accelerate our digital process transformation to enable a
per cent lower at Rs 275.10 apiece on the BSE
IIFL Finance opened on the BSE at Rs 274.70, touching an intra day high of Rs 276 and an intra day low of Rs 267.05, in the trading session