IIFL Samasta Finance Gears Up for ₹1,000 Crore Bond Listing on BSE and NSE
IIFL Samasta Finance, a prominent NBFC-MFI in India, is set to raise ₹1,000 crore through its debut public offering of secured bonds.
The funds aim to support business expansion and enhance capital resources, offering investors a secure opportunity with interest rates up to 10.50%. The company plans to issue ₹200 crore initially, with a green-shoe option for oversubscription, potentially raising the total to ₹1,000 crore.
The NCDs, available for 24, 36, and 60 months, provide flexibility in interest payments. The proceeds will be utilized to meet credit demand, especially from underserved populations.
The bonds, managed by key firms, will list on BSE and NSE. With CRISIL AA-/Positive and Acuite AA| Stable ratings, IIFL Samasta ensures a high level of safety for investors, recently receiving a positive outlook from Crisil.
