IIFL Finance Limited, a leading NBFC, announced a public issue of secured, redeemable non-convertible debentures (NCDs) to raise up to ₹500 crore, with an attractive coupon of up to 10.25% per annum. The issue opens on April 7 and closes on April 23, 2025, with an option for early closure. Proceeds will be used for onward lending, financing, and general corporate purposes.
The NCDs are rated “Crisil AA/Stable” and “[ICRA] AA (Stable),” signifying high safety and low credit risk. Investors can choose from tenors of 15, 24, 36, and 60 months, with monthly, annual, or cumulative interest payment options. The highest effective yield of 10.24% is available for a 60-month tenure under Series IX.
Agartala observers note growing interest in secure fixed-income instruments amid equity market volatility. Local investors, especially retirees and conservative savers, see IIFL’s high-rated NCDs as a safe and lucrative alternative for wealth preservation and steady income. With a pan-India presence of 4,858 branches and a loan book of over ₹71,000 crore, IIFL Finance continues to strengthen its position through diversified lending and low NPA levels. The NCDs will be listed on BSE and NSE, ensuring liquidity for investors.
