IIFL Finance To Raise Rs 1,000 Crore Through Secured Bonds: All You Need To Know

For the purpose, IIFL Finance will issue secured redeemable non-convertible debentures, aggregating to Rs 100 crore, with a green-shoe option to retain an over-subscription up to Rs 900 crore - aggregating to a total of Rs 1,000 crore. The non convertible debentures or NCDs are fixed income instruments that are usually offered by high-rated companies in the form of a public issue to gather long-term capital appreciation. The bond...