IIFL Bonds

IIFL Group's non-banking finance arm, India Infoline Finance Limited, is a systemically important Non-Banking Financial Company not accepting public deposits and engaged in the business of home and property loans, gold loans, loan against securities, SME business and micro-finance loans. IIFL Finance has a long-term credit rating of AA (Stable) by Crisil, AA (Stable) by ICRA and AA (Positive) by CARE.

IIFL Bonds Issue Highlights:

Issue Opened on 6th August, 2019
Issue Closed on 30th August, 2019
Registrar Link Intime India Pvt Limited
Allotment First Come First Served Basis
Listing On BSE Limited and National Stock Exchange of India Limited
Issue Price ₹ 1,000 per NCD
Face Value ₹ 1,000 per NCD
Minimum Application ₹ 10,000/- only
Tranche II Issue Size ₹ 10,000 million (₹ 1000 cr)
Nature Secured and Unsecured NCDs
Credit Ratings "AA/Stable" by CRISIL and ICRA, "AA+/Stable" by Brickwork

Terms of the Issue

Series I II III IV V VI
Frequency of Interest payment N.A Quarterly N.A Annual Monthly N.A
Face Value / Issue Price (Rs/NCD) Rs. 1000 per NCD
Tenure (In Months) 15 months 39 months 39 months 39 months 69 months 69 months
Nature of Indebtedness Secured Redeemable Non-Convertible Debenture Unsecured Redeemable Non-Convertible Debenture
Coupon (% p.a) for all categories N.A 9.50% N.A 9.85% 10.00% N.A
Effective Yield (% p.a) for all categories 10.00% 9.84% 9.85% 9.85% 10.47% 10.50%
I N.A Rs. 1000 per NCD 15 months Secured Redeemable Non-Convertible Debenture N.A 10.00%
II Quarterly Rs. 1000 per NCD 39 months Secured Redeemable Non-Convertible Debenture 9.50% 9.84%
III N.A Rs. 1000 per NCD 39 months Secured Redeemable Non-Convertible Debenture N.A 9.85%
IV Annual Rs. 1000 per NCD 39 months Secured Redeemable Non-Convertible Debenture 9.85% 9.85%
V Monthly Rs. 1000 per NCD 69 months Unsecured Redeemable Non-Convertible Debenture 10.00% 10.47%
VI N.A Rs. 1000 per NCD 69 months Unsecured Redeemable Non-Convertible Debenture N.A 10.50%

WHY Bonds?

  • 8.5 - 11% interest rate which is much higher than traditional instruments
  • Safe instruments as NCDs are rated by credit rating agencies
  • Listed NCDs can be traded on stock exchange
  • No TDS applicable for NCDs held in dematerialized form
Open a free Demat Account by clicking here

WHY IIFL Bonds?

  • Earn upto 10.5%* p.a.
  • Rated AA / Stable rating by CRISIL
    indicating high degree of safety regarding timely servicing of financial obligations
  • India’s leading NBFC with a diversified, small-ticket retail loan book with AuM of ₹ 34,904 cr**
  • Monthly interest option available
  • Strong Track Record
    All old issues were oversubscribed. IIFL Finance has a perfect track record of timely interest and principal repayment.