IIFL Finance completes full repayment of $400M bonds

IIFL Finance completes full repayment of $400M bonds

IIFL Finance Bonds Full Repayment

Fairfax-supported IIFL Finance announced on Friday that it has successfully repaid its inaugural USD 400 million bonds on its maturity this month. The retail-oriented non-bank had secured the funds as part of its medium-term note program back in February 2020.

Kapish Jain, the group’s chief financial officer, revealed that the company had made a pre-payment of a section of the bond in the previous fiscal year, FY23.

This month, the Canada-based firm secured long-term funding of USD 100 million from Deutsche Bank and Export Development Canada.

As of December 2022, IIFL Finance had a loan book worth Rs 57,941 crore, which includes home loans, gold loans, digital loans, and microfinance loans.

About IIFL Finance:

Headquartered in Mumbai, IIFL Finance Ltd, also known as IIFL and India Infoline Finance Limited, is a diversified financial services firm in India. Nirmal Jain established the company.

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