IIFL Finance raises $300 million via dollar bonds

IIFL Finance raised USD 300 million through a four-year dollar bond issuance priced at 7.60 percent, attracting an order book of about USD 900 million indicating strong overseas demand. This marks the company's second such issuance recently, executed under its existing medium-term note programme. Fitch assigned an expected B+(EXP) rating to the secured obligations, on par with IIFL Finance's long-term foreign-currency issuer default rating.