IIFL Finance Limited announced that its Finance Committee, in a meeting held on June 03, 2026, approved the terms for issuing fixed-rate, senior, secured notes. These notes will be issued under Regulation S and/or Rule 144A of the U.S. Securities Act 1933, as part of the company's USD 1,000,000,000 Global Medium Term Note Programme. The specific issue is sized at USD 500,000,000. The notes are expected to have an issue rating of B+/B+ from S&P/Fitch. The proceeds will be used for onward lending and supporting business growth in accordance with the ECB Regulations, aligning with the company's Social Finance Framework. The notes will have a tenure of 3.25 years, with an allotment date of June 10, 2026, and a maturity date of September 10, 2029. A coupon of 7.60% per annum will be paid semi-annually on March 10 and September 10 each year, commencing March 10, 2027. Redemption will be at par on the maturity date. The notes will be secured by a first-ranking pari passu charge over the company's present and future receivables/assets, excluding certain defined Excluded Assets, to comply with the Security Coverage Ratio.
