Key Quantitative Figures
- Number of NCDs allotted: 2,500 (Two Thousand Five Hundred)
- Face value per NCD: ₹1,00,000 (Indian Rupees One Lakh Only)
- Total issue size: ₹25,00,00,000 (Indian Rupees Twenty Five Crores Only)
- Series: D39
- Coupon/Interest rate: 9.10% per annum
- Additional interest in case of default: 2% p.a. over the Coupon Rate
Dates of Action
- Date of Finance Committee approval: September 09, 2026
- Date of Allotment: September 09, 2026
- Date of Maturity: September 08, 2028
- Interest payment dates: September 09, 2027 and September 08, 2028
- Principal redemption date: September 08, 2028
Security Details
The NCDs are secured by a first ranking pari passu charge over all current, standard and performing book debts, loans and advances and current assets/receivables of the Company arising out of:
- Gold loans
- MSME/business loans
- Real estate loans
- Capital market loans
- Loans against property
The charge covers assets in existence as of the date of the Debenture Trust Deed and those that shall come into existence hereafter, excluding receivables exclusively charged to existing charge holders. Required Security Cover must be maintained at all times during the tenor of the Debentures.
Default Provisions
In case of occurrence of any Event of Default (including delay in payment of interest/coupon and/or redemption of principal on due dates for more than three months), the Company shall pay additional interest @ 2% p.a. over the Coupon Rate from the date of occurrence until the Event of Default ceases or is cured to the satisfaction of the Debenture Trustee.
Listing Details
- Proposed to be listed: Yes
- Stock Exchange: National Stock Exchange of India Limited
- Form: Dematerialised token form
Additional Information
- No special rights/privileges attached to the NCDs
- No cancellation or termination of proposal for issuance
- No letters or comments regarding payment/non-payment of interest/principal
- The intimation has been uploaded on the company website at www.iifl.com