IIFL Bonds

Issue closed

India Infoline Finance Ltd. (IIFL Finance) is a systemically important non-deposit accepting nonbanking finance company with AuM of ₹363,734 million**. IIFL Finance was incorporated in 2004 under the flagship of IIFL Holdings Limited and presently offers 8 small-ticket loan products to retail borrowers, delivered through a Pan India branch network of near 1800 branches and digital channels

IIFL Bonds Issue Highlights:

Issue Opened on 22nd January, 2019
Issue Closed on 1st February, 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 I Issue Size ₹ 20,000 million (₹ 2000 cr)
Nature Secured and Unsecured NCDs
Credit Ratings "AA/Stable" by CRISIL and ICRA, "AA+/Stable" by Brickwork

Effective Yield

Series I II III IV V VI
Frequency of Interest payment Annual Cumulative Monthly Annual Monthly Annual
Tenure (In Months) 39 months 39 months 60 months 60 months 120 months 120 months
Nature of Indebtedness Secured Secured Secured Secured Unsecured Unsecured
Coupon (% p.a) - Category I 9.50% NA 9.60% 10.00% 9.90% 10.35%
Coupon (% p.a) - Category II, III, IV 9.60% NA 9.75% 10.20% 10.00% 10.50%
Effective Yield (% p.a) - Category I 9.50% 9.50% 10.03% 10.00% 10.36% 10.35%
Effective Yield (% p.a) - Category II,III, IV 9.60% 9.60% 10.20% 10.20% 10.47% 10.50%
I Annual 39 months Secured 9.50% 9.60% 9.50% 9.60%
II Cumulative 39 months Secured NA NA 9.50% 9.60%
III Monthly 60 months Secured 9.60% 9.75% 10.03% 10.20%
IV Annual 60 months Secured 10.00% 10.20% 10.00% 10.20%
V Monthly 120 months Unsecured 9.90% 10.00% 10.36% 10.47%
VI Annual 120 months Unsecured 10.35% 10.50% 10.35% 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

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 ₹ 363,734 million**
  • Monthly interest option available
  • Strong Track Record
    Previous public issue of IIFL Bonds in September 2013 was oversubscribed and has been timely repaid