IIFL Finance to Reissue $150 Million 2028 Dollar Bonds, Sources Reveal
2025-03-04
MSN
India's IIFL Finance is set to raise up to $150 million by reissuing its 8.75% 2028 dollar-denominated bonds, according to sources familiar with the matter. The non-banking finance company has commenced marketing the issue, with potential yields expected to be around 8%. This move is part of the company's efforts to tap into the global bond market, leveraging its existing credit profile. The reissue is anticipated to attract investors seeking high-yield bonds, with the Indian finance sector being a key area of interest. Key terms such as 'dollar-denominated bonds' and 'non-banking finance' are expected to be closely watched.
