IIFL Finance has announced the allotment of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee approved the allotment of 30,000 NCDs under Series D35 (Option A-I), 40,000 NCDs under Series D35 (Option A-II), and 100 perpetual NCDs under Series PDI-2 (Option B). The face value of each NCD is INR 1,00,000 for Series D35 and INR 1,00,00,000 for Series PDI-2.
Details of Allotment
On December 30, 2025, the Finance Committee of IIFL Finance approved the allotment of several series of Non-Convertible Debentures (NCDs) via private placement. These debentures, collectively referred to as “Debentures,” will be in dematerialized form.
Series D35 (Option A-I) Debentures
A total of 30,000 Subordinated, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures were allotted under Series D35 (Option A-I). The face value is INR 1,00,000 each, aggregating to INR 3,00,00,00,000. These debentures have a tenure of 7 years from the deemed date of allotment, with maturity on December 30, 2032. The coupon rate is 9.25% p.a., payable monthly.
Series D35 (Option A-II) Debentures
40,000 Subordinated, Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures were allotted under Series D35 (Option A-II). The face value is INR 1,00,000 each, aggregating to INR 4,00,00,00,000. These debentures have a tenure of 10 years from the deemed date of allotment, maturing on December 30, 2035. The coupon rate is 9.30% p.a., payable monthly.
Series PDI-2 (Option B) Debentures
A total of 100 Perpetual, Unsecured, Listed, Rated Non-Convertible Debentures were allotted under Series PDI-2 (Option B). The face value is INR 1,00,00,000 each, aggregating to INR 1,00,00,00,000. These debentures are perpetual, with a coupon rate of 9.90% p.a. Interest payments are scheduled December 30th of each year.
Additional Interest on Default
In case of any Event of Default, IIFL Finance will pay additional interest at 2% p.a. above the coupon rate for the period of the default.
Source: BSE
