India Infoline Finance Ltd has raised Rs 900 crore through a public issue of secured redeemable non-convertible debentures (NCDs). The NCD issue will close on September 23, according to a statement by the company.
The company had launched the NCD issue valued at up to Rs 525 crore with an option to retain over-subscription up to Rs 525 crore - aggregating to a total of up to Rs 1,050 crore - on September 17.
Investors were seen preferring to opt for the monthly income option of 3 years and 5 years. The retail and QIB portions have been fully subscribed, the statement said.
IIFL NCDs have an option of monthly and annual interest payment and the yield works out to 12.68 per cent per annum for the monthly interest option and 12 per cent per annum for the annual interest option.
The NCDs will be listed on the leading stock exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) - and will have a tradeable lot size of 1 NCD.
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