India's IIFL Finance eyes second dollar bond sale in under a month, bankers say

IIFL Finance

02/07/2026 04:46

By Dharamraj Dhutia

    MUMBAI, July 2 (Reuters) - Indian gold loan financier IIFL Finance IIFL.NS plans to raise $300 million through a four-year dollar bond sale, its second such fundraise in less than a month, two merchant bankers said on Thursday. 
The non-banking finance company has set initial price guidance at about 7.85% for the issue, which will mature in four years, the bankers added, requesting anonymity as they are not authorised to speak to the media.
IIFL Finance did not reply to a Reuters email seeking comment. 
The coupon on the issue is expected to be finalised by the end of Friday, the bankers added. 
In early June, IIFL Finance raised $500 million through a sale of bonds maturing in three years and three months at a coupon of 7.60%.
The latest fundraise would help the non-bank lender diversify its sources of funding, as it aims to increase the share of external borrowings to 20% from around 13% currently.
The notes are secured against the issuer's receivables and assets. The proceeds will be used for lending and business growth, in line with the company's social finance framework. 


 (Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)
 ((Dharamraj.Dhutia@thomsonreuters.com;))