IIFL Finance Raises $325 Mn Via Global Bond

Mumbai: Non-bank lender IIFL Finance on Friday said it has raised $325 million through issuance of international bond. The city-based company will pay a coupon rate of 8.75 per cent for the bonds which are for a tenor of three-and-a-half years, according to an official statement.

The lender had faced RBI restrictions on its gold financing business last year, which got lifted in September 2024. Non-bank lenders are increasingly tapping into the global bond markets as they look for funding sources beyond banks. IIFL’s move came days after Tata Capital’s $400-million borrowing from overseas investors. The IIFL statement said proceeds from the latest issuance will be deployed for on-lending which will support the company’s growth.