Key facts
- IIFL Finance raised $500 million through international dollar bonds.
- This is the first such issuance from India since January.
- The 3.25-year bond was priced at 7.6%.
- Proceeds will fund lending to economically weaker sections, MSMEs, and gold loans.
IIFL Finance has successfully raised $500 million by issuing international dollar bonds. This marks the first such issuance from India since January. The 3.25-year bond was priced at an interest rate of 7.6%. The company stated that the proceeds from this bond sale will be used to fund its lending activities, specifically targeting economically weaker sections of society, including Micro, Small, and Medium Enterprises (MSMEs) and those seeking gold loans. The issuance attracted significant investor interest despite prevailing geopolitical volatilities.