IIFL to raise Rs 500 crore in debt via NCD issue

The NCDs to be in the form of subordinated debt, to be eligible for Tier-II capital`

Financial services firm India Infoline Finance today said it will raise up to Rs 500 crore debt through a non-convertible debenture (NCD) issue.

The issue comprises a base issue of un-secured redeemable NCDs with a face value of Rs 1,000 each aggregating up to Rs 250 crore with an option to retain over-subscription of similar amount, aggregating to a total of Rs 500 crore, the company said in a statement here.

The NCDs will be in the nature of and will be eligible for tier-II capital, it added.

The firm did not specify when the issue, which has a AA-(stable) rating from both Crisil and Icra, will open.

The NCDs will be listed on the BSE and NSE.

The lead managers to the issue are Axis Bank, SBI Capital Markets, Edelweiss Financial Services, Trust Investment Advisors and India Infoline, while co-lead managers are RR Investors.

image
Business Standard
177 22
Business Standard

IIFL to raise Rs 500 crore in debt via NCD issue

The NCDs to be in the form of subordinated debt, to be eligible for Tier-II capital`

Press Trust of India  |  New Delhi 



Financial services firm India Infoline Finance today said it will raise up to Rs 500 crore debt through a non-convertible debenture (NCD) issue.

The issue comprises a base issue of un-secured redeemable NCDs with a face value of Rs 1,000 each aggregating up to Rs 250 crore with an option to retain over-subscription of similar amount, aggregating to a total of Rs 500 crore, the company said in a statement here.

The NCDs will be in the nature of and will be eligible for tier-II capital, it added.

The firm did not specify when the issue, which has a AA-(stable) rating from both Crisil and Icra, will open.



The NCDs will be listed on the BSE and NSE.

The lead managers to the issue are Axis Bank, SBI Capital Markets, Edelweiss Financial Services, Trust Investment Advisors and India Infoline, while co-lead managers are RR Investors.

RECOMMENDED FOR YOU

IIFL to raise Rs 500 crore in debt via NCD issue

The NCDs to be in the form of subordinated debt, to be eligible for Tier-II capital`

Financial services firm India Infoline Finance today said it will raise up to Rs 500 crore debt through a non-convertible debenture (NCD) issue.

Financial services firm India Infoline Finance today said it will raise up to Rs 500 crore debt through a non-convertible debenture (NCD) issue.

The issue comprises a base issue of un-secured redeemable NCDs with a face value of Rs 1,000 each aggregating up to Rs 250 crore with an option to retain over-subscription of similar amount, aggregating to a total of Rs 500 crore, the company said in a statement here.

The NCDs will be in the nature of and will be eligible for tier-II capital, it added.

The firm did not specify when the issue, which has a AA-(stable) rating from both Crisil and Icra, will open.

The NCDs will be listed on the BSE and NSE.

The lead managers to the issue are Axis Bank, SBI Capital Markets, Edelweiss Financial Services, Trust Investment Advisors and India Infoline, while co-lead managers are RR Investors.

image
Business Standard
177 22
Widgets Magazine

More News

  • New a/c rules to hit FMCG firms’ reported revenue New a/c rules to hit FMCG firms' revenues
  • Demand rebound in aviation fuel Aviation fuel demand rebounds
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard