IIFL Finance Gets IND AA/Stable Rating on ₹50,000 Cr

IIFL Finance Limited has received significant credit rating assignments from India Ratings and Research Pvt. Ltd. for its debt instruments totaling ₹50,000 crores. The company disclosed this information in compliance with SEBI listing regulations.

New Rating Assignments

India Ratings and Research has assigned IND AA/Stable ratings to the following debt facilities for IIFL Finance Limited:

Instrument Type	Amount	Rating Assigned
Bank Loan Facilities	₹20,000 crores	IND AA/Stable
Non-Convertible Debentures	₹30,000 crores	IND AA/Stable

Rating Affirmations

In addition to the new assignments, India Ratings has affirmed its existing ratings on previously rated instruments. The agency has maintained IND AA/Stable ratings on ₹55,500 crore facilities, which include:

Bank loan facilities
Non-Convertible Debentures
Other debt instruments

Regulatory Compliance

The disclosure was made in accordance with SEBI listing regulations, ensuring transparency and compliance with regulatory requirements.

Rating Implications

The IND AA/Stable ratings assigned and affirmed by India Ratings reflect the agency's assessment of IIFL Finance's strong creditworthiness. These ratings may potentially enhance the company's ability to access funding and strengthen its financial position in the market.

Investors and stakeholders can access the detailed rating rationale on India Ratings' official website for a comprehensive understanding of the rating decision process and methodology.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+4.65%	+17.06%	+29.54%	+49.40%	+480.25%

IIFL Finance Limited's board committee has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹800 crores on a private placement basis. The approval, granted during a committee meeting, encompasses two distinct series of debt instruments with different structures and tenures.

NCD Series Details

The approved NCD issuance comprises two separate series with different characteristics and investment options:

Parameter	Series 1	Series 2
Type	Unsecured, Subordinated, Listed, Rated, Redeemable NCDs	Unsecured, Listed, Rated NCDs
Base Issue Size	₹200.00 crores	₹50.00 crores
Green Shoe Option	₹500.00 crores	₹50.00 crores
Total Potential Size	₹700.00 crores	₹100.00 crores
Number of NCDs (Base)	Up to 20,000 NCDs of ₹1,00,000 each	Up to 500 NCDs of ₹1,00,00,000 each
Green Shoe NCDs	Up to 50,000 NCDs	Up to 50 NCDs
Tenure	As per Key Information Document	Perpetual

Regulatory Compliance and Listing

The NCD issuance follows the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulations 30 and 51. Both series will be listed on the National Stock Exchange of India Limited, ensuring transparency and regulatory compliance for investors.

The company has structured the offering to provide flexibility through the green shoe option, allowing retention of oversubscription based on market demand. The total combined potential of both series reaches ₹800.00 crores, representing a significant debt fundraising initiative.

Terms and Conditions Framework

Key operational parameters for both NCD series include:

Interest Payment: Details specified in respective Key Information Documents
Default Penalty: Additional interest at 2.00% per annum over coupon rate for delays exceeding three months
Security: Not applicable for both series
Special Rights: Not applicable
Redemption: As per relevant Key Information Documents

Corporate Communication

IIFL Finance has made this information available on its corporate website at www.iifl.com , ensuring transparent disclosure to stakeholders and potential investors.

The approval represents a structured approach to debt capital raising, with the perpetual nature of Series 2 NCDs offering long-term funding flexibility while Series 1 provides traditional redeemable debt instruments for diverse investor preferences.