IIFL Bonds

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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.

IIFL Bonds Issue Highlights:

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

Terms of the Issue

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

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
Submit the filled application forms to any of the IIFL Securities branches. Click here to locate the nearest branch.

WHY IIFL Bonds?

  • Earn upto 10.03%* p.a.
  • Rated 'AA / Negative' by CRISIL and ‘AA+/Negative’ by Brickwork
    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 ₹ 42,264 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.