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IIFL Group's non-banking finance arm, IIFL 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/Negative by Crisil, AA+/Negative by Brickwork.
| Issue Opened on | 3rd March, 2021 |
|---|---|
| Issue Closed on | 18th March, 2021 |
| 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 |
| Issue Size | ₹ 10,000 million (₹ 1000 cr) |
| Nature | Subordinated Redeemable Bonds |
| Credit Ratings | CRISIL AA/Negative and Brickwork AA+/Negative |
| Series | I | II | III | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | At Maturity | ||||||
| Minimum Application | ₹ 10,000 (10 NCDs) across all series | ||||||||
| Face Value/ Issue Price (₹/NCD) | ₹ 1,000/- | ||||||||
| Tenor | 87 months | 87 months | 87 months | ||||||
| Coupon (% per annum) | 10.00% | 9.60% | NA | ||||||
| Effective Yield (% per annum) | 10.00% | 10.03% | 10.03% | ||||||
| Amount (₹/Per NCD) on Maturity | ₹ 1,000 | ₹ 1,000 | ₹ 2,000 | ||||||
| Nature of Indebtedness | Subordinated Redeemable Bonds | ||||||||
| Mode of Interest Payment | Through various modes available | ||||||||
| I | Monthly | ₹ 10,000 (10 NCDs) across all series | ₹ 1,000/- | 87 months | 10.00% | 10.03% | ₹ 1,000 | Subordinated Redeemable Bonds | Through various modes available |
| II | Annual | ₹ 10,000 (10 NCDs) across all series | ₹ 1,000/- | 87 months | 9.60% | 10.00% | ₹ 1,000 | Subordinated Redeemable Bonds | Through various modes available |
| III | At Maturity | ₹ 10,000 (10 NCDs) across all series | ₹ 1,000/- | 87 months | NA | 10.03% | ₹ 2,000 | Subordinated Redeemable Bonds | Through various modes available |