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IIFL Finance Limited ( (IN:IIFL) ) has shared an announcement.
IIFL Finance’s finance committee has approved and completed the private placement allotment of a total of 70,100 listed non-convertible debentures (NCDs) in dematerialised form on 30 December 2025, aggregating to Rs 800 crore of subordinated redeemable NCDs and Rs 100 crore of perpetual NCDs. The issue comprises 30,000 subordinated, unsecured, listed, rated, redeemable NCDs of Rs 1 lakh each under Series D35 (Option A-I) with a seven-year tenure and 9.25% annual coupon, 40,000 similar NCDs under Series D35 (Option A-II) with a ten-year tenure and 9.30% coupon, and 100 perpetual, unsecured, listed, rated NCDs of Rs 1 crore each under Series PDI-2 (Option B) carrying a 9.90% coupon and a callable feature after 10 years subject to Reserve Bank of India approval. All three tranches are to be listed on the National Stock Exchange of India, enhancing IIFL Finance’s long-term funding profile and, in the case of perpetual debentures, potentially supporting its regulatory capital structure, while locking in relatively high fixed interest costs in the current rate environment.
More about IIFL Finance Limited
IIFL Finance Limited is an Indian non-banking financial company (NBFC) offering a range of lending and financial services, including retail and corporate loans, and raises funds through listed non-convertible debentures (NCDs) placed in domestic capital markets. The company focuses on structured debt instruments to support its lending book and maintain regulatory capital, with its securities listed primarily on the National Stock Exchange of India and other Indian bourses.
Average Trading Volume: 79,868
Technical Sentiment Signal: Buy
Current Market Cap: 254.8B INR
See more insights into IIFL stock on TipRanks’ Stock Analysis page.