IIFL Finance allots ₹100 crore in NCDs at 9.35% coupon
- IIFL Finance allotted 10,000 NCDs worth ₹100 crore under Series D38
- The instruments carry a fixed coupon rate of 9.35% per annum
- Maturity is set for September 8, 2033, providing a seven-year tenor
- Monthly interest payments commence from September 30, 2026
- Default triggers an additional 2% p.a. interest penalty over the coupon
*this image is generated using AI for illustrative purposes only.
IIFL Finance Limited has completed the allotment of ₹100 crore worth of non-convertible debentures (NCDs) through a private placement. The issuance strengthens the company’s debt capital structure with long-term funding.
The Board of Directors, via its Finance Committee, approved the allotment on September 8, 2026. The company issued 10,000 subordinated, unsecured, listed, rated, and redeemable NCDs under Series D38. Each debenture carries a face value of ₹1 lakh.
Issue Details
The securities are listed on the National Stock Exchange of India Limited. They carry a fixed coupon rate of 9.35% per annum. Interest payments are scheduled monthly, starting from September 30, 2026. The principal amount is due for repayment on September 8, 2033, marking a seven-year tenor from the deemed date of allotment.
| Parameter | Details |
|---|---|
| Issue Size | ₹100 crore |
| Number of Debentures | 10,000 |
| Face Value | ₹1 lakh each |
| Coupon Rate | 9.35% p.a. |
| Maturity Date | September 8, 2033 |
| Listing Exchange | National Stock Exchange |
| Security Type | Subordinated, Unsecured |
Default Provisions
The instrument includes specific penalties for payment delays. In the event of default on interest or principal payments exceeding three months, the company must pay an additional interest of 2% per annum over the coupon rate. This penalty applies until the default is cured to the satisfaction of the Debenture Trustee.
The issuance complies with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Samrat Sanyal, Company Secretary and Compliance Officer, signed the intimation filed with both BSE and NSE.
Historical Stock Returns for IIFL Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.98% | -2.90% | +2.66% | +29.46% | +44.37% | +129.34% |
How will the additional ₹100 crore in long-term debt impact IIFL Finance's net interest margins and overall profitability in the coming fiscal year?
What specific strategic initiatives or loan book expansions is IIFL Finance planning to fund with this Series D38 issuance?
Given the 9.35% coupon rate, how does this issuance compare to current market yields for similar NBFC debentures, and what does it signal about investor sentiment?
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