IIFL Finance allots USD 500M notes at 7.60% coupon

1 min read     Updated on 10 Jun 2026, 08:10 PM
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Radhika SScanX News Team
AI Summary

IIFL Finance Limited has allotted USD 500 million Fixed Rate Senior Secured Notes due 2029 with a 7.60% coupon. The 3.25-year notes, rated B+ by Fitch and S&P, are part of a USD 1 billion programme and will be listed on IFSC exchanges. Proceeds will fund onward lending and business growth in line with the company's Social Finance Framework.

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IIFL Finance has allotted USD 500,000,000 Fixed Rate Senior Secured Notes due 2029. The Finance Committee approved the allotment on June 10, 2026, pursuant to powers delegated by the Board of Directors. The notes carry a coupon rate of 7.60% per annum and are issued under Regulation S and/or Rule 144A of the U.S. Securities Act 1933, as part of the company's USD 1,000,000,000 Global Medium Term Note Programme.

The issuance has a tenure of 3.25 years, maturing on September 10, 2029. Interest payments are scheduled semi-annually on March 10 and September 10 each year, commencing March 10, 2027. Fitch Ratings and S&P Global Ratings have each assigned a B+ rating to the instrument.

Proceeds from the issue 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 dated May 25, 2026.

The notes will be listed on 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
Issue Rating B+ / B+ (Fitch / S&P)
Listing India International Exchange IFSC Limited, NSE IFSC Limited

Historical Stock Returns for IIFL Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.61%-0.56%+13.50%-8.31%+9.41%+115.82%

How will the 7.60% coupon rate impact IIFL Finance's cost of capital compared to domestic borrowing options?

What specific sectors or social initiatives will be prioritized under the Social Finance Framework for the deployment of these funds?

Could this successful issuance pave the way for IIFL Finance to tap the remaining USD 500 million capacity of its GMTN programme?

IIFL Finance operations head resigns effective June 02, 2026

1 min read     Updated on 03 Jun 2026, 01:16 AM
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Shriram SScanX News Team
AI Summary

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
-1.61%-0.56%+13.50%-8.31%+9.41%+115.82%

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:+9.41%