IIFL Finance has announced the successful re-purchase and cancellation of a portion of its outstanding Senior Secured Fixed Rate Notes. The company settled USD 12,615,301.22, inclusive of accrued interest, as part of its ongoing capital management strategy. This move reduces the principal amount outstanding from the original USD 425,000,000 issuance, demonstrating the firm’s proactive approach to managing its international debt obligations under its USD 1 billion Global Medium Term Note Programme.
Debt Management Update
On May 13, 2026, IIFL Finance confirmed the re-purchase and subsequent cancellation of specific Senior Secured Fixed Rate Notes. The transaction, settled at a premium, highlights the company’s commitment to optimizing its balance sheet and reducing its overall debt burden associated with its international note programme.
Transaction Details
The total settlement amount of USD 12,615,301.22 includes the principal value and all accrued interest up to the date of the transaction. These notes were originally part of a USD 425,000,000 issuance due in 2028, which were marketed to international investors under Regulation S and Rule 144A. Following this exercise, the company remains in full compliance with its debt obligations and established regulatory frameworks governing foreign currency borrowings.
Source: BSE
