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

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?