Instrument Details

ISIN: INE530B08128

Face value

₹1,00,00,000

Coupon rate

9.35%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

24 Mar 2022

Maturity Date

24 Mar 2032

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

IIFL FINANCE LIMITED SR D16 OPT B 9.35 NCD 24MR32 FVRS1CR
Iifl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE530B08128, with a face value of ₹1,00,00,000 rs on 24Mar22 to raise 200 crores. The debt instrument is issued with a coupon rate of 9.35% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 9.35% UNSECURED RATED LISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES D16 OPTION B. DATE OF MATURITY 24/03/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 29Mar22. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 14Mar22. This issuer is formerly known as IIFL HOLDINGS LIMITED, INDIA INFOLINE LIMITED, INDIA INFOLINE.COM LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
21 Nov 2023
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Outlook
Positive
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
24-Mar-22 : Your investment
₹9,35,00,000
24-Mar-23 : Interest
₹9,35,00,000
24-Mar-24 : Interest
₹9,35,00,000
24-Mar-25 : Interest
₹9,35,00,000
24-Mar-26 : Interest
₹9,35,00,000
24-Mar-27 : Interest
₹9,35,00,000
24-Mar-28 : Interest
₹9,35,00,000
24-Mar-29 : Interest
₹9,35,00,000
24-Mar-30 : Interest
₹9,35,00,000
24-Mar-31 : Interest
₹9,35,00,000
24-Mar-32 : Interest
₹1,93,50,00,000
24-Mar-32 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹93,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.35%

Returns

High

Bond Rating

AA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE530B08128 issued by Iifl Finance Limited

The instrument name of INE530B08128 ISIN is IIFL FINANCE LIMITED SR D16 OPT B 9.35 NCD 24MR32 FVRS1CR.
The interest earned from INE530B08128 bond issued by Iifl Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE530B08128 bond issued by Iifl Finance Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.35%, which determines the periodic interest payments made to bondholders.
The INE530B08128 Debenture is issued by Iifl Finance Limited, a Private Sector company.