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IIFL Finance Raises ₹500 Crore via NCDs at 8.60% Interest Through Private Placement

IIFL Finance has allotted 50,000 secured non-convertible debentures worth ₹500 crore on a private placement basis with a coupon rate of 8.60% and maturity in March 2027.
IIFL Finance Raises ₹500 Crore via NCDs at 8.60% Interest Through Private Placement

Mumbai, 10 March, 2026: IIFL Finance Limited has announced the allotment of 50,000 secured non-convertible debentures (NCDs) aggregating to ₹500 crore, issued on a private placement basis.

The allotment was approved by the Finance Committee of the company’s Board of Directors on March 10, 2026, according to a regulatory filing submitted to BSE Limited and the National Stock Exchange of India.

 

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Key Details of the NCD Issue

The company issued Senior, Secured, Listed, Rated, Redeemable Non-Convertible Debentures under Series D36 with the following terms:

  • Number of NCDs: 50,000

  • Face Value: ₹1,00,000 per debenture

  • Total Issue Size: ₹500 crore

  • Coupon Rate: 8.60% per annum

  • Type of Issuance: Private Placement

  • Listing: Proposed on the National Stock Exchange of India

Tenure and Redemption

The debentures carry a tenure of 379 days from the deemed date of allotment.

  • Date of Allotment: March 10, 2026

  • Date of Maturity: March 24, 2027

Both interest and principal will be paid at maturity, meaning investors will receive the full redemption amount along with accumulated interest on the maturity date.

Security for the Debentures

The NCDs are secured by a first-ranking pari passu charge on the company’s current assets, including:

  • Loans and advances

  • Book debts and receivables

  • Assets arising from gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property

The company stated that the required security cover will be maintained throughout the tenure of the debentures.

 

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Default Clause

In case of delay in payment of interest or principal beyond the due date, the company will be required to pay an additional interest of 2% per annum over the coupon rate until the default is resolved.

About IIFL Finance

IIFL Finance Limited is a leading non-banking financial company (NBFC) in India providing a range of financial services including gold loans, home loans, MSME financing, capital market loans, and loans against property.

Headquartered in Mumbai, the company serves retail and small business customers across India through its network of branches and digital platforms.

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