IIFL Finance has announced the allotment of USD 500,000,000 in Fixed Rate Senior Secured Notes due 2029. These notes, issued under a Global Medium Term Note Programme, carry a fixed interest rate of 7.60% per annum. The allotment, approved by the Finance Committee on June 10, 2026, is part of a larger USD 1 billion programme. The notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC Limited.
IIFL Finance Allots Senior Secured Notes
IIFL Finance Limited has successfully completed the allotment of USD 500,000,000 Fixed Rate Senior Secured Notes. These notes are part of the company’s larger USD 1,000,000,000 Global Medium Term Note Programme. The decision for this allotment was ratified by the Finance Committee on Wednesday, June 10, 2026.
Key Details of the Notes
The newly issued notes carry a coupon rate of 7.60% per annum, payable semi-annually on September 10 and March 10 each year. The maturity date for these notes is set for September 10, 2029, giving them a tenor of 3.25 years. The notes are classified as Senior, Secured, and are issued under Regulation S and/or Rule 144A of the U.S. Securities Act 1933. The issue is rated B+ by Fitch Ratings, Inc. and S&P Global Ratings.
Listing and Usage of Proceeds
The notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC Limited. The proceeds from this issuance will be utilized in accordance with the Company’s Social Financing Framework, specifically for onward lending and supporting the growth of IIFL Finance’s business, in compliance with ECB Regulations. The specified denominations for these secured notes are U.S.$200,000 and integral multiples of U.S.$1,000 thereafter.
Security and Redemption
The notes are secured by a first-ranking pari passu charge over all present and future receivables/assets of the Issuer, excluding specified Excluded Assets. Redemption of the notes will occur at par on the maturity date, September 10, 2029.
Source: BSE
