IIFL Finance Limited Allots Fixed Rate Senior Secured Notes Worth USD 300 Million
IIFL Finance Limited has approved and allotted Fixed Rate, Senior, Secured Notes amounting to USD 300,000,000. These notes were issued under the company's Global Medium Term Note Programme, which has a total size of USD 1,500,000,000.The allotment was formalized on July 10, 2026. The Notes are part of the Offering Circular, along with its supplement offering circular dated July 01, 2026. These notes will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
The instruments carry a coupon rate of 7.60% per annum and have been set for redemption at par. The tenor of the issue is four years, with a specified Redemption Date/Maturity Date set for July 10, 2030. The Notes are secured by a first ranking pari passu charge over all present and future receivables and assets of IIFL Finance Limited.
Key details regarding the Fixed Rate Senior Secured Notes include:
| Detail | Specification |
|---|---|
| Size of the issue | USD 300,000,000 |
| Interest Rate (Coupon) | 7.60% per annum |
| Allotment Date | July 10, 2026 |
| Redemption/Maturity Date | July 10, 2030 |
| Tenor | 4 years |
| Ratings (S&P / Fitch / Moody's) | B+ / B+ / Ba3 |
| Listing | India International Exchange (IFSC) Limited and NSE IFSC Limited |
The interest payments are scheduled to be made semi-annually on January 10 and July 10 in each year, starting from January 10, 2027, up to the maturity date.
The notes were issued as a Fixed Rate Senior Secured Notes under the Global Medium Term Note Programme. The proceeds from the issue are designated for onward lending and supporting the company's business growth, in line with its Social Financing Framework.
IIFL Stock Price Movement
IIFL Finance Limited shares edged higher to close today at ₹552.70 after gaining 1.32%. The stock traded in the session with a volume of 1.84 million shares.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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