IIFL Finance is all set to open a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) on January 6, 2023, to raise up to Rs 10,000 million for the purpose of onward lending, financing, refinancing the existing indebtedness of the company (payment of the interest and/or repayment/prepayment of principal of borrowings) and General Corporate Purposes.
The NCDs offer up to 9.00% yield. The company will issue secured redeemable NCDs, aggregating to Rs 1,000 million, with a green-shoe option up to Rs 9,000 million amounting to Rs 10,000 million.
IIFL Finance is an Indian diversified financial services company.
