Announced Wed, 22 Jul · 16:50 IST
IIFL Finance repurchases part of USD 413.3M senior secured notes due 2028
IIFL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹567.75
prior close
₹583.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.9-1.3-1.4-3.3-1.7+0.6————————
Up moveDown movePending
AI summary
IIFL Finance has repurchased at premium USD 1,369,526 (including accrued interest) of its Senior Secured Fixed Rate Notes due 2028, issued under the Global Medium Term Note Programme. This is about 0.33 percent of the total USD 413,325,000 outstanding principal. The repurchase complies with RBI External Commercial Borrowings rules and FEMA regulations, and is within the limit approved by the Authorised Dealer bank.
Likely market impact
Small liability management move at a premium. Limited impact on overall debt given the tiny size of the buyback versus total outstanding notes.