IIFL Finance Limited documents $300 Million Series of Senior Secured Notes under Global Debt Programme
IIFL Finance Limited has finalized documentation related to a tranche of notes within its expansive Global Medium Term Note Programme. The company released a supplemental offering circular and a pricing supplement in relation to the issuance of USD 300,000,000 worth of notes.These debt instruments are structured as 7.60% p.a. Fixed Rate, Senior, Secured Notes due in 2030. The materials related to this specific tranche were released following the company’s earlier intimation regarding its financing structure.
The issuance is part of a larger commitment by IIFL Finance Limited through the USD 1,500,000,000 Global Medium Term Note Programme.
Key details of the notes include:
| Feature | Detail |
|---|---|
| Principal Amount | USD 300,000,000 |
| Coupon Rate | 7.60% p.a. Fixed Rate |
| Maturity Date | 2030 |
| Status | Senior, Secured Notes |
IIFL Stock Price Movement
IIFL Finance Limited shares edged higher on Friday, closing at ₹552.7 after gaining 1.32%. The stock traded within an intraday range of ₹540.15 and ₹559, with total volume registering 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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