IIFL Finance allots ₹130 crore of secured debentures at 9.25% for two years
As filed · IIFL Finance Limited has informed the Exchange regarding allotment of Non-Convertible Debentures on Private Placement basis.
What happened
FactIIFL Finance’s Finance Committee approved the private-placement allotment of 13,000 secured, listed, rated and redeemable non-convertible debentures under Series D37 Reissue I. The debentures carry a 9.25% annual coupon, mature on September 1, 2028, and are secured by a first-ranking pari passu charge over specified loan receivables and current assets.