IIFL Finance raises USD 500M via senior secured notes at 7.60 percent
IIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
IIFL Finance allotted USD 500 million (about Rs 4,200 crore) Fixed Rate Senior Secured Notes at 7.60 percent per annum under its USD 1 billion Global Medium Term Note Programme. Tenor is 3.25 years, maturing September 10, 2029, with semi-annual coupon payments. Rated B+ by Fitch and S&P. Proceeds will be used for onward lending and business growth per ECB rules. Notes will be listed on India International Exchange (IFSC) and NSE IFSC.
Diversifies funding via foreign currency bonds, supports lending growth; adds USD liability and forex exposure to books.