InvestorQ : Is it true that the overseas bond issue of IIFL Finance has seen very good interest from global investors?
Lavanya Subramanian made post

Is it true that the overseas bond issue of IIFL Finance has seen very good interest from global investors?

Answer
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ishika Banerjee answered.
8 months ago


The proposed $300 million overseas bond issue by IIFL Finance received interest to the tune of nearly $1.50 billion i.e. 5 times the issue size. It is estimated that the final amount retained could be raised to $400 million. The response has been really strong with the NBFC scenario improving in India and the strong fundamentals of the company eliciting interest from investors. The company, IIFL Finance was formed by demerging IIFL Holdings into 3 different business lines. While IIFL Securities handles the stock trading and distribution business, IIFL wealth manages the wealth and AMC business. The fund based financing business is housed in IIFL Finance.