IIFL Finance Fully Repays Its Maiden $400 Million Bond In April
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Fairfax-backed IIFL Finance on Friday said it has fully repaid its maiden USD 400 million bond on maturity this month.
The retail focused non-bank had raised the money as part of its medium-term note programme in February 2020.
Kapish Jain, its group chief financial officer, said the company had pre-paid a portion of the bond early last fiscal -- FY23.
Earlier this month, the Canada-based company had secured USD 100 million in long-term funding from Export Development Canada and Deutsche Bank.
IIFL Finance had a loan book of Rs 57,941 crore in December 2022. It offers home loans, gold loans, digital loans and micro finance loans.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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