IIFL Finance Limited Approves Fixed Rate Senior Secured Notes Issuance of USD 500 Million
IIFL Finance Limited has finalized the terms for issuing fixed rate, senior, secured notes as part of a planned Global Medium Term Note Programme. The financing vehicle is intended to raise USD 500 million and will be listed on India International Exchange IFSC Limited and NSE IFSC Limited.The decision regarding the pricing, tenure, and specific terms was approved by the Finance Committee at its meeting held on June 3, 2026. These notes are structured to comply with Regulation S and/or Rule 144A of the U.S. Securities Act 1933.
The proceeds from this issuance are designated for onward lending and supporting the growth of IIFL Finance Limited's business, aligning with the company's Social Finance Framework and ECB Regulations.
The senior secured notes have an expected issue rating of B+ / B+ (from S&P and Fitch).
A detailed overview of the financial instrument and its terms is provided below:
| Particulars | Details |
|---|---|
| Type of Instrument | Fixed rate, senior, secured notes ('Notes') |
| Size of the Issue | USD 500,000,000 |
| Tenure | 3.25 years |
| Date of Allotment | June 10, 2026 |
| Date of Maturity | September 10, 2029 |
| Coupon Offered | 7.60% per annum (payable semi-annually) |
| Redemption | At par on the Date of Maturity |
| Charge or Security Created | First ranking pari passu charge over present and future receivables/assets, including operating cash flows and book debts, up to the Security Coverage Ratio. |
The notes will be redeemed at par upon reaching the maturity date. The coupon interest payments are scheduled semi-annually on September 10 and March 10 in each year, commencing on March 10, 2027.
IIFL Stock Price Movement
IIFL Finance Limited shares rallied on Wednesday, climbing 4.08% and settling at ₹498.80 after gaining ₹19.55 per share. The stock saw strong trading activity, with nearly 7 million shares exchanged during the day to account for the ascent.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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