InvestorQ : Can you tell me about the proposal by IIFL Home Finance to raise Rs.5,000 crore in the bond markets?
swati Bakhda made post

Can you tell me about the proposal by IIFL Home Finance to raise Rs.5,000 crore in the bond markets?

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Sam Eswaran answered.
6 months ago
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IIFL Home Finance, part of the IIFL group, proposes to raise a total of Rs.5,000 crore to boost its lending business in the home loan space. The fund raising will be executed through the issue of non-convertible debentures or NCDs. The draft prospectus for the proposed bond issue has been filed with exchange. As per the terms of the issue, it will have a face value of Rs.1,000 and total fund raising is likely to spread over multiple tranches.

For IIFL Home Finance, it is not so much about capital adequacy because the company has a comfortable CRAR Tier-1 capital ratio of 19.6%. IIFL Home Finance is focused on a niche market to provide home loans to first-time home buyers in lower income segments. This has been a rapidly growing segment with smaller ticket sizes but better repayment track.

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