IIFL Finance, a prominent player in the non-banking financial sector, is set to make a significant move in the market by launching a public offering of secured, rated, listed redeemable non-convertible debentures (NCDs). This initiative aims to raise as much as ₹500 crores. The capital generated from this offering will be strategically allocated for various purposes, including onward lending, refinancing existing debts, servicing current obligations, and supporting general corporate initiatives.
Overview of the NCD Offering
The upcoming NCD issue has received commendable ratings of “Crisil AA/Stable” from Crisil Ratings Limited, alongside “[ICRA] AA (Stable)” from ICRA Limited. These ratings indicate a robust level of safety concerning the timely fulfillment of financial commitments, reflecting a minimal credit risk for potential investors.
- Issue Details:
- Opening Date: April 7, 2025
- Closing Date: April 23, 2025
- Base Issue Size: Up to ₹100 crores
- Green Shoe Option: Additional ₹400 crores, totaling ₹500 crores
Attractive Returns for Investors
Investors can look forward to an enticing effective yield of 10.24% per annum for the 60-month tenor under Series IX. The NCDs will be available in various tenors, including 15 months, 24 months, 36 months, and 60 months, offering flexibility to meet different investment preferences. Additionally, interest payments can be structured in monthly, annual, or cumulative formats, allowing for customization based on individual financial goals.
Why Invest in IIFL Finance NCDs?
This issuance not only strengthens IIFL Finance’s balance sheet but also offers investors a compelling opportunity for stable returns. The company’s strong credit ratings signify a commitment to financial responsibility and transparency, making this a noteworthy investment for those looking to diversify their portfolios.
In conclusion, the upcoming NCD issuance by IIFL Finance is poised to attract attention from a wide range of investors, promising not just potential returns but also a chance to engage with a well-respected entity in the financial landscape. Don’t miss out on this opportunity to invest in a secure financial instrument that aligns with your investment strategy!
