IIFL Finance to issue USD 500 million notes at 7.60% coupon

1 min read     Updated on 04 Jun 2026, 12:42 AM
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Radhika SScanX News Team
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IIFL Finance approved the issuance of USD 500 million fixed rate senior secured notes with a 7.60% coupon and a 3.25-year tenure. The notes, rated B+ by S&P and Fitch, will be listed on India International Exchange IFSC Limited and NSE IFSC Limited. Proceeds will fund onward lending and business growth under the company's Social Finance Framework.

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iifl finance has approved the issuance of USD 500 million fixed rate senior secured notes to support onward lending and business growth. The Finance Committee, acting on delegated powers from the Board of Directors, finalized the pricing, tenure, and other terms for the notes on June 03, 2026. The issuance is part of the company's USD 1,000,000,000 Global Medium Term Note Programme and will be conducted under Regulation S and/or Rule 144A of the U.S. Securities Act 1933.

The notes carry a coupon rate of 7.60% per annum, payable semi-annually on March 10 and September 10 each year, starting March 10, 2027. The instrument has a tenure of 3.25 years, with a date of allotment set for June 10, 2026, and a maturity date of September 10, 2029. Expected issue ratings for the notes are B+ / B+ from S&P and Fitch respectively.

Proceeds from the issuance will be utilized in accordance with IIFL Finance Limited's Social Finance Framework. The funds are earmarked for onward lending and supporting the growth of the company's business, complying with the External Commercial Borrowings (ECB) Regulations as defined in the Offering Circular.

The notes will be listed on the India International Exchange IFSC Limited and NSE IFSC Limited. Security for the notes includes a first ranking pari passu charge over all present and future receivables and assets of the company. This covers accounts, operating cash flows, current assets, book debts, loans, and advances, subject to the Security Coverage Ratio defined in the Offering Circular, excluding certain Excluded Assets.

Particulars Terms
Type of Instrument Fixed rate, senior, secured notes
Size of the Issue USD 500,000,000
Tenure 3.25 years
Date of Allotment June 10, 2026
Date of Maturity September 10, 2029
Coupon Rate 7.60% per annum
Payment Schedule Semi-annually on March 10 and September 10
Expected Issue Rating B+ / B+ (S&P / Fitch)
Listing India International Exchange IFSC Limited, NSE IFSC Limited

Historical Stock Returns for IIFL Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+4.04%+4.28%+8.68%-13.16%+17.36%+97.08%

How will the 7.60% coupon rate impact IIFL Finance's cost of capital compared to its existing debt instruments?

What specific sectors or borrower segments will be prioritized for the onward lending funded by this issuance?

How might the B+ credit ratings from S&P and Fitch influence investor demand for the notes?

IIFL Finance operations head resigns effective June 02, 2026

1 min read     Updated on 03 Jun 2026, 01:16 AM
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Amlan Singh resigned as Head of Operations and Customer Service at IIFL Finance effective June 02, 2026. The company disclosed the change to stock exchanges under Regulation 30 of SEBI Listing Regulations. Singh cited exploring new opportunities as the reason for his departure.

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Mr. Amlan Singh has resigned from his position as Head of Operations and Customer Service at iifl finance , effective June 02, 2026. The departure of the senior management personnel was disclosed to the stock exchanges on the same day. The resignation follows a decision by Singh to explore new opportunities outside the organization.

The intimation was submitted to BSE Limited and the National Stock Exchange of India Ltd. in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing referenced the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Samrat Sanyal, Company Secretary & Compliance Officer, signed the disclosure on behalf of IIFL Finance Limited. The document confirmed that the cessation of duties occurred on June 02, 2026. The company provided the necessary details regarding the change in its senior management personnel in the annexure to the filing.

The following table summarizes the key details of the resignation:

Sr. No. Particulars Details
a. Reason for change To explore new opportunities
b. Date of cessation June 02, 2026
c. Brief profile Not Applicable
d. Disclosure of relationships Not Applicable

In his resignation letter addressed to the Board of Directors, Amlan Narendra Singh expressed gratitude for the management's support and trust during his tenure. The company has requested the exchanges to take the resignation on record.

Historical Stock Returns for IIFL Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+4.04%+4.28%+8.68%-13.16%+17.36%+97.08%

Who will be appointed as the successor to oversee Operations and Customer Service, and how will this transition impact ongoing workflows?

Will the departure of the Head of Operations lead to any strategic shifts in IIFL Finance's customer service policies during the upcoming fiscal year?

How might this change in senior leadership influence investor confidence and the stock price of IIFL Finance in the short term?

More News on IIFL Finance

1 Year Returns:+17.36%