Announced Fri, 10 Jul · 21:06 IST
IIFL Finance allots USD 300M senior secured notes at 7.60%
Fund Raising View source PDF
IIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹552.50
prior close
₹547.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.7+0.8+1.7-2.0-1.4+2.4+0.6+0.8+2.8————
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AI summary
IIFL Finance allotted USD 300 million (about Rs 2,500 crore) 7.60% senior secured notes due 2030 under its USD 1.5 billion Global Medium Term Note Programme. Issued via 144A and Reg S routes, to be listed on India INX and NSE IFSC. Proceeds to fund onward lending under its Social Financing Framework. 4-year tenor with semi-annual coupon payments. Rated B+ by S&P, B+ by Fitch, Ba3 by Moodys.
Likely market impact
Raises USD 300M offshore funds for lending growth. Adds to debt but diversifies borrowing sources. Mildly positive.