IIFL Finance Limited Re-purchases Senior Secured Fixed Rate Notes
IIFL Finance Limited announced the re-purchase and settlement of a portion of its senior secured fixed rate notes issued under the Global Medium Term Note Programme. The company settled USD 1,369,526.04 for these notes, which included accrued interest.The transaction covered Senior Secured Fixed Rate Notes that were due in 2028 and had an original outstanding principal amount of USD 413,325,000. These particular Notes were issued under Regulation S and Rule 144A of the U.S. Securities Act 1933.
The re-purchase action was completed by IIFL Finance Limited. The terms relating to this acquisition were consistent with applicable laws, including regulations set forth by the Reserve Bank of India.
Key details regarding the note repurchase are presented below:
| Parameter | Detail |
|---|---|
| Notes Type | Senior Secured Fixed Rate Notes |
| Issue Details | Issued under Regulation S and Rule 144A of the U.S. Securities Act 1933 |
| Maturity Date | 2028 |
| Total Principal Outstanding | USD 413,325,000 |
| Repurchase Settlement Amount (Incl. Interest) | USD 1,369,526.04 |
IIFL Stock Price Movement
Shares of IIFL Finance Limited slipped on Wednesday, shedding 0.75% to close at ₹570.35. The stock traded across a range of ₹563.30 and ₹587.70, with 3.38 million shares recorded in the session.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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