IIFL Finance allots ₹100 crore perpetual NCDs at 9.90%

IIFL Finance allotted 100 perpetual, unsecured, listed, rated Non-Convertible Debentures (NCDs) aggregating ₹100 crore on May 29, 2026. The Series PDI-1 2027 instruments carry a coupon rate of 9.90% per annum. The issuance was approved by the Finance Committee of the Board of Directors via a resolution dated May 29, 2026, and conducted on a private placement basis.

The NCDs have a face value of ₹1 crore each. These instruments are perpetual in nature, meaning they have no specific maturity date. However, the company retains a call option to redeem the instruments after the expiry of at least 10 years from the deemed date of allotment, subject to prior approval from the Reserve Bank of India (RBI).

Key Details of the Allotment

The following table outlines the specific details of the debt instruments:

Items	Particulars
Type of Securities	Perpetual Unsecured Listed Rated Debentures in the nature of Non-Convertible Debentures/Series PDI-1 2027
Type of Issuance	Private Placement
Total Number of NCDs	100
Size of Issue	₹100,00,00,000
Name of Stock Exchange	National Stock Exchange of India Limited
Coupon/Interest	9.90% p.a.
Date of Allotment	May 29, 2026
Date of Maturity	Not applicable (Perpetual)

Interest Payment and Default Terms

Interest payments are scheduled annually on May 29, starting from May 29, 2027, through May 29, 2036. The schedule assumes the exercise of the call option, contingent upon receipt of necessary regulatory approvals. No principal repayment is applicable unless the call option is exercised.

In the event of a default, including a delay in the payment of interest or redemption of principal, the company will pay additional interest at a rate of 2% per annum over the coupon rate for the period of default. No charge or security has been created over the assets for these NCDs, and there are no special rights or privileges attached to the instruments beyond the stated terms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.64%	+8.45%	+16.84%	-4.98%	+9.80%	+115.06%

IIFL Finance Limited updated its existing Global Medium Term Note Programme on May 26, 2026, to maintain current details for potential investors and regulatory bodies. The company filed an intimation with the stock exchanges under Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This action ensures the programme remains active and visible on international exchanges, supporting the company's debt capital management strategy.

The Offering Circular associated with the updated programme was uploaded to the India International Exchange (IFSC) Limited and NSE IFSC Limited on May 26, 2026. These platforms host the documentation for international investors accessing the notes. The circular is accessible via the official websites of both exchanges, providing transparency regarding the terms of the debt issuance.

Key Regulatory Filings

The disclosure references the company's earlier intimation dated December 31, 2024, regarding the programme. The submission was made by Samrat Sanyal, the Company Secretary & Compliance Officer for IIFL Finance Limited . The filing confirms that the necessary procedural compliances have been met to keep the debt instrument active and visible on the international exchanges.

Exchange Availability

The updated documents are available for review on the following platforms:

Exchange	Platform URL
India INX	https://www.indiainx.com/static/issuer_details.aspx
NSE IFSC	https://www.nseix.com/listing/issuer-details

The Global Medium Term Note Programme allows the company to issue debt securities in various tranches and currencies over a period, providing flexibility in raising capital from international markets.