Chennai: IIFL Finance has claimed its bonds which offers up to 10.03 per cent yield, effectively doubling investment in 87 months will close on 18 March.
The Fairfax and CDC Group backed IIFL Finance’s unsecured redeemable non-convertible debentures (NCDs), aims to raise up to Rs 1000 crore.
The NCD is available in various options like monthly, annual and at maturity. The IIFL Bonds would be issued at face value of Rs 1,000 and the minimum application size is Rs 10,000 across all categories.