IIFL Finance fully repays USD 400 mn bonds

Mumbai:  Fairfax-backed IIFL Finance on Friday said it has fully repaid its maiden USD 400 million bond on maturity this month.

The retail focused non-bank had raised the money as part of its medium-term note programme in February 2020.

Kapish Jain, its group chief financial officer, said the company had pre-paid a portion of the bond early last fiscal — FY23.

Earlier this month, the Canada-based company had secured USD 100 million in long-term funding from Export Development Canada and Deutsche Bank.

IIFL Finance had a loan book of Rs 57,941 crore in December 2022. It offers home loans, gold loans, digital loans and micro finance loans.