IIFL Finance to launch ₹2,000 crore public bond issue
pre-market1 source ↓written by the desknot a recommendation
- as part
- ₹2,000 crore
- coupon rates
- 8.70%
- 8.85%
- respectively
- 9%
IIFL Finance plans to launch its largest-ever public bond issue of ₹2,000 crore as part of its strategy to diversify funding sources. The bonds will have maturities of two, three, and five years, with coupon rates of 8.70%, 8.85%, and 9% respectively. This move indicates a growing demand for public bonds in the market. 📈
The bonds have received an AA rating from Crisil Ratings and Brickwork Ratings, enhancing their attractiveness to investors. Lead managers for the issue include IIFL Capital Services and Nuvama Wealth Management.
Not investment advice. For informational purposes only.