IIFL Finance has announced an increase in the size of its issuance of Listed, Unsecured, Non-Convertible Perpetual Debentures to INR 500 Crore. This enhancement, approved on September 25, 2025, will be offered via private placement. The issue includes a base size of INR 100 Crore, with a green-shoe option to retain oversubscription up to INR 400 Crore.
Enhanced Debt Issuance
IIFL Finance has decided to enhance the size of its issue for Listed, Unsecured, Non-Convertible Perpetual Debentures. The decision was made during a meeting held on September 25, 2025.
Issue Details
The total enhancement approved is up to INR 500 Crore, comprising up to 500 NCDs. Each NCD has a face value of INR 1,00,00,000. The issue includes a base size of INR 100 Crore and a green-shoe option to retain oversubscription up to INR 400 Crore. The issuance will be on a private placement basis.
Key Terms
The debentures are listed and unsecured, with a perpetual tenure. The specific date of allotment and maturity, as well as the coupon/interest details, are available in the relevant Key Information Document. The schedule for coupon/interest and principal payments is also outlined in this document.
Redemption Details
The NCDs are perpetual but may be subject to a call option by the Company after 10 years from the deemed date of allotment, pending approval from the RBI.
Contingency for Delayed Payments
In the event of a delay in the payment of interest/coupon or principal, IIFL Finance will pay additional interest at a rate of 2% p.a. above the Coupon Rate for the period of delay. This is applicable from the date the Event of Default occurs, until the default is resolved to the satisfaction of the Debenture Trustee.
Source: BSE
