IIFL Finance Secures $100 Million in 2028 Bond Reissue, Sources Reveal
2025-03-04
MSN
India's IIFL Finance has successfully raised $100 million through the reissue of its 8.75% 2028 dollar-denominated bonds, according to sources familiar with the matter. The non-banking finance company finalized the deal at a yield of 8%, marking a significant milestone in its fundraising efforts. This bond reissue is expected to provide a boost to the company's financial growth, with the proceeds being utilized to fuel its expansion plans. The deal highlights the growing demand for high-yield bonds in the market, with investors seeking attractive returns in a low-interest-rate environment. Key terms like 'dollar-denominated bonds' and 'high-yield bonds' have garnered significant attention from investors.
