IIFL Finance allots ₹130 crore NCDs at 9.25% coupon rate
- IIFL Finance allotted ₹130 crore in secured NCDs via private placement
- Instruments carry a 9.25% annual coupon with a maturity date of September 1, 2028
- Debentures are secured by a first-ranking charge on the company's loan book
- Additional interest of 2% p.a. applies in case of payment default
*this image is generated using AI for illustrative purposes only.
IIFL Finance Limited allotted ₹130 crore worth of secured, listed, rated, redeemable non-convertible debentures (NCDs) on a private placement basis. The allotment was approved by the Finance Committee of the Board of Directors on September 21, 2026.
The issuance falls under Series D37 Reissue I and comprises 13,000 debentures with a face value of ₹1 lakh each. The company intends to list these instruments on the National Stock Exchange of India Limited (NSE).
Deal Structure and Terms
The NCDs carry a coupon rate of 9.25% per annum. Interest payments are scheduled for September 2, 2027, and September 1, 2028. The principal amount is due for redemption on September 1, 2028, marking a tenor of approximately two years from the deemed date of allotment.
| Particulars | Details |
|---|---|
| Issue Size | ₹130 crore |
| Coupon Rate | 9.25% p.a. |
| Maturity Date | September 1, 2028 |
| Security | First ranking pari passu charge |
| Listing | National Stock Exchange of India Limited |
Security and Default Provisions
The debentures are secured by a first-ranking pari passu charge over the company’s current, standard, and performing book debts, loans, advances, and current assets or receivables. This security cover includes receivables arising from gold loans, MSME/business loans, real estate loans, capital market loans, and loans against property granted to customers.
In the event of a default, including delays in interest or principal payment exceeding three months, the company is obligated to pay additional interest at 2% per annum over the applicable coupon rate. This penalty applies to both the defaulted amounts and the outstanding principal.
Regulatory Compliance
The disclosure was made pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
Historical Stock Returns for IIFL Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.32% | +1.25% | -2.29% | +24.39% | +35.28% | 0.0% |
How does the 9.25% coupon rate compare to IIFL Finance's recent debt issuance costs and current market benchmarks for NBFCs with similar credit ratings?
What specific strategic initiatives or balance sheet optimizations is IIFL Finance targeting with the ₹130 crore raised from this private placement?
Given the security cover includes gold and MSME loans, how might shifting macroeconomic conditions in these sectors impact the quality of the collateral backing these NCDs?
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