IIFL Finance Limited announced the successful allotment of 50,000 Senior, Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) under Series D36 on a private placement basis. The total issue size aggregates to INR 500,00,00,000/- (Five Hundred Crores). The NCDs carry a coupon rate of 8.60% p.a., maturing on March 24, 2027, with the allotment occurring on March 10, 2026.
Private Placement Allotment Confirmed
IIFL Finance Limited today confirmed the approval by its Finance Committee for the allotment of Non-Convertible Debentures (NCDs) through a private placement route. The allotment took place on March 10, 2026, following the necessary approvals from the Board of Directors.
Series D36 NCD Details
| Item | Particulars |
|---|---|
| Type of Securities | Senior, Secured, Listed, Rated, Redeemable NCDs (Series D36) |
| Issuance Type | Private Placement |
| Total Issue Size | INR 500,00,00,000/- |
| Total NCDs Allotted | 50,000 units (Face Value: INR 1,00,000 each) |
| Date of Allotment | March 10, 2026 |
| Date of Maturity | March 24, 2027 |
| Coupon Rate | 8.60% p.a. |
| Redemption Value (Per Debenture) | INR 1,00,000 plus cumulative accrued interest |
Tenure and Interest Payment
The tenure of these instruments is specified as 379 days from the Deemed Date of Allotment. Interest payments are scheduled to be made At Maturity, i.e., March 24, 2027, alongside the principal repayment.
Security Cover Details
The NCDs are backed by a first ranking pari passu charge. This security covers all current, standard, and performing book debts, loans and advances, and current assets/receivables of the Company arising from its various lending activities, including gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property granted to its customers. This security is effective for assets existing as of the Debenture Trust Deed date and those coming into existence thereafter, excluding assets exclusively charged to prior holders.
Default Provisions
In the event of a delay in interest or principal payment exceeding three months from the due date, the Company is obligated to pay an additional interest of 2% p.a. over and above the stated Coupon Rate until the Event of Default is cured to the satisfaction of the Debenture Trustee.
Source: BSE
