India New Issue-IIFL Finance accepts bids for 13-month bonds, bankers say

IIFL Finance

19/03/2025 08:15

MUMBAI, March 19 (Reuters) - India's IIFL Finance IIFL.NS has accepted bids worth 4 billion rupees ($46.25 million) for bonds maturing in 13 months, three bankers said on Wednesday.

The company will pay an annual coupon of 9.90% and had invited bids from bankers and investors earlier in the day, they said.

The company did not immediately respond to a Reuters request for comment.

Here is the list of deals reported so far on March 19:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IIFL Finance
13 months
9.90
4
March 19
AA (Crisil)
IREDA
perpetual
8.40
12.47
March 19
AA+ (Icra, India Rating)
SIDBI
5 years
7.39
60
March 19
AAA (Crisil, Care)
Hindustan Zinc
3 years
7.75
5
March 19
AAA (Crisil)
NABARD
3 year and 6 months
7.48
70
March 19
AAA (Crisil, India rating)
Bajaj Finance
4 year and 11 months
7.80
5.45
March 18
AAA (Crisil)
NIIF Infra Finance
7 year and 2 months
7.93
6.83
March 18
AAA (Care, Icra)
JSW Energy
3 years
8.75
3+1
March 19
AA (Icra, India Ratings)
JSW Energy
5 years
8.80
4
March 19
AA (Icra, India Ratings)

   *Size includes base plus greenshoe for some issues

($1 = 86.4830 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

 ((Dharamraj.dhutia@tr.com))