IIFL Finance Allots USD 500 Million in Fixed Rate Senior Secured Notes under Global Medium Term Note Programme
IIFL Finance Limited has completed the allotment of USD 500,000,000 worth of Fixed Rate Senior Secured Notes issued under its Global Medium Term Note Programme. The notes were allotted on June 10, 2026.These unsecured senior notes are part of a larger USD 1,000,000,000 Global Medium Term Note Programme, which was updated by the Company via an Offering Circular dated May 25, 2026. The issuance aims to finance onward lending and support the growth of the company's business, in line with the Company’s Social Financing Framework.
The Notes carry a coupon rate of 7.60% per annum and are scheduled to be paid semi-annually on September 10 and March 10 each year. The redemption date for these instruments is set for September 10, 2029, giving the notes a tenor of 3.25 years.
The security provided over the Notes is described as a First ranking pari passu charge covering all rights and claims against the Issuer in relation to present and future receivables or assets, subject to the Security Coverage Ratio defined in the Offering Circular. Redemption will be at par on the maturity date.
Key Details of the Fixed Rate Senior Secured Notes
The financial instruments have been assigned B+ ratings by both Fitch Ratings, Inc. and S&P Global Ratings. The specifics of the issuance are detailed below:| Detail | Specification |
|---|---|
| Issuer | IIFL Finance Limited |
| Instrument Type | Fixed Rate Senior Secured Notes |
| Issue Size | USD 500,000,000 |
| Coupon Rate | 7.60% per annum |
| Allotment Date | June 10, 2026 |
| Redemption Date | September 10, 2029 |
| Tenor | 3.25 years |
| Credit Rating | B+ (Fitch and S&P Global Ratings) |
The Notes are scheduled to be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
Issuer Information Highlights
A summary of the core terms related to this issuance includes:| Attribute | Specification |
|---|---|
| Type of Issuance | Global Medium Term Note Programme |
| Specified Denominations | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof |
| Listing Exchanges | India International Exchange (IFSC) Limited and NSE IFSC Limited |
| Redemption Structure | Redemption at par |
IIFL Stock Price Movement
Shares of IIFL Finance Limited today slipped by 1.83% to settle at ₹496.30 after trading closed. The stock saw considerable activity during the session, with nearly 1.94 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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