IIFL Finance has approved the allotment of 2,500 Secured Listed Rated Redeemable Non-Convertible Debentures, Series D39, on a private placement basis. The total issue size amounts to ₹25,00,00,000 (₹250 crore), with a face value of INR 1,00,000/- per debenture. The debentures carry an interest rate of 9.10% p.a. and will mature in 2 years from the allotment date of September 09, 2026.
IIFL Finance Approves Private Placement of NCDs
IIFL Finance announced today the approval of an allotment for 2,500 Secured Listed Rated Redeemable Non-Convertible Debentures under Series D39. This issuance, conducted on a private placement basis, represents a total value of INR 25,00,00,000 (Indian Rupees Twenty-Five Crores Only). Each debenture has a face value of INR 1,00,000/-.
Key Terms of the Debenture Issue
The newly approved debentures are designated as Secured Listed Rated Redeemable Non-Convertible Debentures and are part of Series D39. The issuance was approved by the Finance Committee of the Board of Directors on September 09, 2026. These debentures are slated for listing on the National Stock Exchange of India Limited.
Maturity and Interest Details
The tenure of the instrument is 2 years from the deemed date of allotment. The allotment date is set for September 09, 2026, which means the maturity date will be September 08, 2028. The debentures carry a coupon interest rate of 9.10% per annum. Interest payments are scheduled for September 09, 2027, and September 08, 2028, with the principal repayment also due on September 08, 2028.
Security and Charges
The debentures are secured by a first ranking pari passu charge over specified current assets of the Company. This includes book debts, loans and advances, and current assets/receivables arising from various loan categories such as gold loans, MSME/business loans, real estate loans, and capital market loans. The security cover is to be maintained throughout the tenor of the debentures.
Redemption Value
The debentures are redeemable at INR 1,00,000/- (Indian Rupees One Lakh Only) per Debenture on maturity, which is scheduled for September 08, 2028.
Source: BSE
