IIFL Finance has approved the allotment of 500 perpetual, unsecured, listed, rated debentures (NCDs) through private placement. Each NCD has a face value of INR 1,00,00,000, aggregating to INR 5,00,00,00,00,000. The Finance Committee approved this allotment on September 30, 2025. These NCDs are in dematerialized form.
Perpetual Debt Instrument Allotment Details
IIFL Finance’s Finance Committee approved the allotment of 500 perpetual, unsecured, listed, rated debentures in the nature of Non-Convertible Debentures-Series PDI-1 FY 2026 via private placement. This decision was made on September 30, 2025. The face value of each NCD is INR 1,00,00,000, with a total issue size of INR 5,00,00,00,00,000.
Key Terms of the NCDs
The securities are perpetual in nature. The instrument has been listed on the National Stock Exchange of India Limited. The coupon rate is fixed at 9.90%. Interest payments are scheduled annually, beginning September 30, 2026, and continuing until September 30, 2035.
Since the NCDs are perpetual, there is no fixed maturity date. The company may exercise a call option after 10 years from the deemed date of allotment, subject to regulatory approvals. If there is a delay in interest or principal payment, an additional interest of 2% p.a. over the coupon rate will be applicable for the defaulting period.
Source: BSE
