India New Issue-IIFL Finance to issue 13-month bonds, bankers say

IIFL Finance

19/03/2025 02:46

MUMBAI, March 19 (Reuters) - India's IIFL Finance IIFL.NS plans to raise 6 billion rupees ($69 million), which includes a greenshoe option of 2 billion rupees, selling bonds maturing in 13 months, three bankers said on Wednesday.

The company has invited bids from bankers and investors later 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
To be decided
4+2
March 19
AA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 86.6260 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))