+
 IIFL Home to issue up to Rs 1,000 cr of retail bonds on Dec 8
Real Estate

IIFL Home to issue up to Rs 1,000 cr of retail bonds on Dec 8

IIFL Home Finance has received approval from the market regulator to raise Rs 1,000 crore by selling bonds with a coupon of 8.25-8.75%, according to a company official.

A public issue of secured redeemable non-convertible debentures (NCD) will be available for subscription on December 8.

The NCDs will be assigned to one of three tenures: 36 months, 60 months and 84 months.

The NCDs have a base issue size of Rs 100 crore and the option to retain up to Rs 900 crore in oversubscription. Crisil has given the issue a AA per Stable rating, while Brickwork Ratings has given it an AA+ per Negative rating.

This will be the lender's second bond sale this fiscal year. It raised Rs 655 crore in July by issuing unsecured bonds at a rate of 9.6 and 10%.

The lender wants to expand into smaller towns, to exceed Rs 25,000 crore in Assets Under Management (AUM) by March 2022.

At the end of September, it had an AUM of Rs 21,474 crore, with home loans accounting for nearly three-quarters of that.

By the end of this fiscal year, the lender plans to open 100 more offices in tier three and tier four locations. It currently has around 145 offices.

IIFL Finance Limited is a major player in India's financial services industry. It offers a wide range of loans and mortgages through its subsidiaries IIFL Home Finance Limited and Samasta Microfinance Limited.

Image Source

Also read: IIFL home finance to raise Rs 1,000 cr via non-convertible debentures
Also read: IIFL launches handbook for affordable green housing

IIFL Home Finance has received approval from the market regulator to raise Rs 1,000 crore by selling bonds with a coupon of 8.25-8.75%, according to a company official. A public issue of secured redeemable non-convertible debentures (NCD) will be available for subscription on December 8. The NCDs will be assigned to one of three tenures: 36 months, 60 months and 84 months. The NCDs have a base issue size of Rs 100 crore and the option to retain up to Rs 900 crore in oversubscription. Crisil has given the issue a AA per Stable rating, while Brickwork Ratings has given it an AA+ per Negative rating. This will be the lender's second bond sale this fiscal year. It raised Rs 655 crore in July by issuing unsecured bonds at a rate of 9.6 and 10%. The lender wants to expand into smaller towns, to exceed Rs 25,000 crore in Assets Under Management (AUM) by March 2022. At the end of September, it had an AUM of Rs 21,474 crore, with home loans accounting for nearly three-quarters of that. By the end of this fiscal year, the lender plans to open 100 more offices in tier three and tier four locations. It currently has around 145 offices. IIFL Finance Limited is a major player in India's financial services industry. It offers a wide range of loans and mortgages through its subsidiaries IIFL Home Finance Limited and Samasta Microfinance Limited. Image Source Also read: IIFL home finance to raise Rs 1,000 cr via non-convertible debentures Also read: IIFL launches handbook for affordable green housing

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code