IIFL Finance Limited — QIP/Rights/Pref., 24-01-2025: Allotment of Securities

IIFL Finance Limited has approved the allotment of USD 325 million in Senior Secured Fixed Rate Notes due 2028 as part of its updated USD 1 billion Global Medium Term Note Programme. The Notes will bear an interest rate of 8.75% per annum, payable semi-annually, and will be listed on the India International Exchange (IFSC). The net proceeds will be utilized for on-lending and supporting the growth of the Company’s businesses. The Notes will mature on July 24, 2028, with an allotment date of January 24, 2025.