IIFL Finance fully repays $400 million bonds Issue
April 22, 2023 In a major development, IIFL Finance, one of India’s leading Non-Banking Financial Companies (NBFC) has fully repaid its $400 million bond. The bonds issued in 2018 were due to mature in March 2023.
The timely repayment of the bonds is a testament to IIFL Finance’s strong financial position and its commitment to maintaining a healthy balance sheet.
The company’s management team has worked tirelessly over the past few years to ensure that it has adequate resources to meet its financial obligations.
Commenting on the development, Chairman of IIFL Finance said, “We are delighted to have paid off our $400 million bond ahead of schedule.
This is an important milestone for our company, and demonstrates our ability to prudently manage our finances. . and effectively. We are committed to delivering sustainable and profitable growth for our stakeholders.”
The repayment of the bond is expected to further strengthen the credit profile of IIFL Finance and increase its ability to raise funds in the future.
The company is actively exploring various funding options, including bond issues, to support its growth plans.
IIFL Finance is a subsidiary of IIFL Group, a leading financial services conglomerate in India. The company offers a wide range of financial products and services including home loans, personal loans, business loans and wealth management solutions.
With a strong presence across the country, IIFL Finance has emerged as a leading player in the Indian NBFC space.
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