IIFL Finance to Raise Rs. 2,000 Crore through Bonds; Offers up to 9% Yield per annum
IIFL Finance Limited, one of India’s leading non-banking financial companies (NBFCs), has announced the launch of a public issue of secured redeemable non-convertible debentures (NCDs) opening on Tuesday, February 17, 2026, with an issue size of ₹500 crore and a green-shoe option to retain oversubscription up to ₹1,500 crore, aggregating to a total of ₹2,000 crore. The funds raised will be utilized for business growth and capital augmentation. The NCDs offer an effective yield of up to 9% per annum, with investment tenors of 24 months, 36 months, and 60 months. Investors can choose from multiple interest payment options, including monthly, annual, and cumulative (at maturity). The proposed issue has been rated CRISIL AA/Stable by CRISIL Ratings and BWR AA+ (Stable) by Brickwork Ratings, reflecting a high degree of safety regarding timely servicing of financial obligations and indicating very low credit risk. Commenting on the issue, Mr. Nirmal Jain, Founder and ...