IIFL Finance Limited has informed the Exchange regarding allotment of 50000 securities pursuant to Non Convertible Debentures through Private Placement Basis at its meeting held on Jun 24, 2025
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IIFL Finance has allotted 50,000 unsecured, subordinated, listed, rated, redeemable NCDs on a private placement basis, raising a total of ₹500 crore. The issue is split into two equal tranches of ₹250 crore each: Series D33 Option A carries a 9.30% annual coupon with a 10-year tenure and annual interest payments, while Series D33 Option B offers a 9.25% annual coupon with a 7-year tenure and monthly interest payments. The NCDs have a face value of ₹1,00,000 each and are proposed to be listed on the NSE. The allotment was approved by the Finance Committee of the Board on June 24, 2025.
This ₹500 crore NCD issuance strengthens IIFL Finance's capital base, supporting lending growth. The subordinated nature of these debentures may also help augment the company's Tier-II capital, though the ~9.25-9.30% coupon rate reflects current borrowing costs for NBFCs. Existing equity shareholders are not directly affected, but successful fundraising at these rates signals healthy investor appetite.