DOUBLE YOUR MONEY & HAPPINESS IN 87 MONTHS!**

Blog_Icon

To get assistance, give a missed call to 8108105222

whatsapp

For queries write to us at email address: cs@iifl.com

whatsapp

Existing IIFL Securities customer to login
CLICK HERE

IMPORTANT NOTIFICATION FOR ASBA APPLICANTS:

Already applied? Click here to download your application form

IIFL Group's non-banking finance arm, IIFL Finance Limited, is a systemically important Non-deposit accepting Non-Banking Financial Company engaged in the business of home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance; catering to both retail and corporate clients.

Subscribe Now

Why Subscribe to IIFL SECURED BONDS 2021?^^^

  • 1. Effective yield upto 8.75% p.a highest yield for monthly, annual and cumulative series with tenor of 60 months. Additional coupon incentive of 0.25% to existing IIFL NCD(s)/Bond(s) holders and/or Equity shareholders of IIFL Finance Ltd.
  • 2. India’s leading NBFC with a diversified, small-ticket retail loan book with AuM of ₹ 43,160.23 cr**
  • 3. Different interest payment options like monthly, annual and cumulative are available.
  • 4. Easily tradeable as the issue will be listed on BSE & NSE.
  • 5. No TDS deduction as the holding will be in dematerialized mode.
  • 6. Rated CRISIL AA/Stable by CRISIL Ratings and BWR AA+/Negative by Brickwork Ratings thus carrying a high degree of safety regarding timely servicing of financial obligations.
  • 7. All previous issues were oversubscribed and traded regularly on exchange post issues. IIFL Finance has an excellent track record of timely interest and principal repayment.
  • 8. Easy to invest as UPI mechanism has been introduced for retail investors (application amount of upto ₹ 2 lacs).
 

(** as on June 30, 2021)

(^^^For further details refer to the section titled “Issue Related Information” on page 247 of the Tranche II Prospectus dated September 22, 2021.)

IIFL SECURED BONDS 2021 Issue Highlights:


Tranche II Issue Opens on 27th September, 2021
Tranche II Issue Closes on 18th October, 2021***
Registrar Link Intime India Pvt Limited
Allotment Allotment First Come First Serve Basis^^
Listing On BSE Ltd and NSE Ltd
Issue Price ₹ 1,000 per NCD
Face Value ₹ 1,000 per NCD
Minimum Application ₹ 10,000 (10 NCDs) & in multiples of ₹ 1,000 (1 NCD)
Tranche II Issue Size ₹ 10,000 million (₹ 1,000 cr)
Nature of Indebtedness Secured Redeemable NCDs
Credit Ratings “CRISIL AA/Stable" by CRISIL and "BWR AA+/Negative" by Brickwork

(*** with an option to close earlier and/ or extend upto a period as may be determined by the Company.) Kindly refer to the Product Note for details.

(^^Allotment in the public issue of debt securities should be made on the basis of the date of upload of each application into the electronic book of the stock exchange. However, on the date of oversubscription, the allotments should be made to the applicants on a proportionate basis.)

Subscribe Now

Specific terms for each of the Secured NCDs

Series I II III# IV V VI VII
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual Cumulative
Minimum Application ₹ 10,000 (10 NCDs) across all Series
Face Value of NCDs (₹/NCD) ₹ 1,000
In Multiples of thereafter (₹) ₹ 1,000 (1 NCD)
Tenor (months) 24 24 36 36 60 60 60
Coupon (% per annum) for NCD Holders in Category I, II, III & IV 8.25% NA 8.50% NA 8.42% 8.75% NA
Effective Yield (per annum) for NCD Holders in Category I, II, III & IV 8.25% 8.25% 8.49% 8.50% 8.75% 8.75% 8.75%
Mode of Interest Payment Through various modes available
Amount (₹ per NCD) on Maturity for NCD Holders in Category I, II, III & IV ₹ 1,000 ₹ 1,171.80 ₹ 1,000 ₹ 1,277.60 ₹ 1,000 ₹ 1,000 ₹ 1,521.41
Maturity / Redemption Date (Months from the Deemed Date of Allotment) 24 24 36 36 60 60 60
Put and Call Option NA
I Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 24 8.25% 8.25% Through various modes available ₹ 1,000 24 NA
II Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 24 NA 8.25% Through various modes available ₹ 1,171.80 24 NA
III# Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 36 8.50% 8.49% Through various modes available ₹ 1,000 36 NA
IV Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 36 NA 8.50% Through various modes available ₹ 1,277.60 36 NA
V Monthly ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 8.42% 8.75% Through various modes available ₹ 1,000 60 NA
VI Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 8.75% 8.75% Through various modes available ₹ 1,000 60 NA
VII Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 NA 8.75% Through various modes available ₹ 1,521.41 60 NA

(Note: # Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.)

Subscribe Now
Open a free demat account by Clicking here
Submit filled application forms to any of IIFL Securities branches. Locate Branch
To know which Bank Branch to submit your form, Click Here

FAQs

  • What is the Tranche II Issue Size?

    Base issue size of ₹ 1,000 million, with an option to retain oversubscription up to ₹ 9,000 million aggregating up to ₹ 10,000 million through Tranche II Issue which is within the shelf limit of Rs.50,000 million.

  • What are the Objects of the Tranche II Issue?

    Our Company is in the business of financing, and as part of our business operations, we raise/avail funds for onward lending, for repayment/ prepayment of borrowings and general corporate purposes.
    a) Our Company proposes to utilise the funds which are being raised through this Tranche II Issue, after deducting the Issue related expenses to the extent payable by our Company (“Net Proceeds”), towards funding the following objects i.e. onward lending, financing, refinancing the existing indebtedness of our Company (payment of interest and/or repayment/prepayment of principal of borrowings (collectively, referred to herein as the “Objects”), and;
    b) General corporate purposes.

  • What is the credit rating for the NCDs?

    The NCDs proposed to be issued under the Issue have been rated CRISIL AA/Stable (pronounced as CRISIL Double A rating with Negative outlook) and BWR AA+/Negative(pronounced as BWR Double A Plus with Negative outlook). The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

  • What is the face value of this NCD?

    The NCDs will be issued at a face value of Rs. 1,000/- per NCD.

Read more >>