IIFL Finance plans ₹2,000 crore public bond issue
after close1 source ↓written by the desknot a recommendation
- to diversify funding
- ₹2,000 crore
- coupon rates
- 8.70%
- 8.85%
- respectively
- 9%
IIFL Finance is set to launch its largest-ever public bond issue of ₹2,000 crore to diversify funding sources. The bonds, maturing in two, three, and five years, will offer coupon rates of 8.70%, 8.85%, and 9% respectively. This move is expected to attract growing demand for public bonds. 📈
The bonds have received an AA rating from Crisil Ratings and Brickwork Ratings, indicating strong credit quality. IIFL Capital Services, Nuvama Wealth Management, and Trust Investment Advisors are managing the issue.
Not investment advice. For informational purposes only.