InvestorQ : Can you tell me about the NCDs that IIFL Home Finance proposes to issue?
Chandralekha Desai made post

Can you tell me about the NCDs that IIFL Home Finance proposes to issue?

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NISHA Nayak answered.
5 months ago
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The NCD issue of IIFL Home Finance Ltd will open on 6 July and close on 28 July. Rating agencies have rated the issue AA and the paper offers an effective yield of 9-10%, which is attractive. The issue will have a base size of Rs.100 crore with green-shoe option of another Rs.900 crore, taking the total fund raising to Rs.1,000 crore. IIFL Home Finance will utilize the proceeds for onward lending, financing and for repayment / prepayment of interest and principal on outstanding debt.

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