IIFL Finance has announced the allotment of 6,500 Senior, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures under Series D34. The face value is INR 1,00,000 each, aggregating to INR 65,00,00,000. The allotment, approved on December 16, 2025, is in dematerialized form and on a private placement basis. The debentures have a maturity date of December 18, 2028, with an interest rate of 8.50% p.a.
NCD Allotment Details
The Finance Committee of IIFL Finance’s Board of Directors approved the allotment of 6,500 Senior, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) under Series D34 on December 16, 2025. These NCDs have a face value of INR 1,00,000 each, totaling INR 65,00,00,000.
Key Terms of the NCDs
Here are the important details regarding the Non-Convertible Debentures:
- Type of Securities: Senior, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures – Series D34
- Issuance Type: Private Placement
- Total NCDs Allotted: 6,500
- Issue Size: INR 65,00,00,000
- Listed On: National Stock Exchange of India Limited
- Allotment Date: December 16, 2025
- Maturity Date: December 18, 2028
- Coupon Rate: 8.50% p.a.
Payment Schedule
Interest payments will be made annually on December 16, 2026, December 16, 2027, and the principal will be repaid on December 18, 2028.
Additional Information
The NCDs are redeemable at INR 1,00,000 per Debenture on the maturity date, along with any accrued interest. In case of payment delays for either interest or principal beyond three months from the due date, the company will pay additional interest at 2% p.a. above the coupon rate.
Source: BSE
