IIFL Finance to raise up to ₹2,000 crore through NCDs

IIFL Finance Ltd., a Non-Banking Financial Company, has launched nationalist contented of secured listed redeemable non-convertible debentures (NCDs) of look worth of ₹ 1,000 each for an magnitude up to ₹500 crore (Base Issue Size) with a greenish footwear enactment of up to ₹1,500 crore, cumulatively aggregating up to ₹2,000 crore (Tranche I Issue Limit).

The Tranche I Issue has 9 bid of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, and 60 months with annual, monthly and cumulative involvement options. Effective yearly involvement output connected the NCDs ranges from 8.70% p.a. to 9% p.a.

The funds volition beryllium utilised for onward lending, financing / refinancing the existing indebtedness, and/or indebtedness servicing and wide firm purpose, the steadfast said.

The Tranche I Issue is scheduled to open on Tuesday, February 17, 2026 and is scheduled to close on Wednesday, March 4, 2026.

Nirmal Jain, Founder and Managing Director, IIFL Finance, said, “This offering represents what investors expect from IIFL Finance — consistency, subject and reliability. Over 3 decades we person built our franchise connected beardown plus prime and timely servicing of obligations crossed cycles.”

“The secured, CRISIL AA/Stable rated NCDs supply investors predictable returns with flexibility, backed by a well-capitalised equilibrium expanse and prudent underwriting. We worth the spot investors spot successful america and stay committed to safeguarding it,” helium added.