India Infoline Finance (IIFL) has raised Rs 900 crore through public issue of secured redeemable non-convertible debentures (NCD). The NCD issue has collected Rs 900 crore and is closing on September 23. The NCDs will be listed on the NSE and BSE and will have a tradeable lot size of 1 NCD. Investors prefered to opt for the Monthly Income Option of 3 years and 5 years, respectively. The Retail and QIB portions have been fully subscribed.
On September 17, the company had launched NCD issue aggregating up to Rs 525 crore, with an option to retain over-subscription up to Rs 525 crore, aggregating to a total of up to Rs 1,050 crore.
IIFL NCDs have an option of monthly and annual interest payment and the yield works out to 12.68% per annum for the monthly interest option and 12% per annum for the annual interest option.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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