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IIFL Finance to Issue $500 Million Notes at Coupon Rate of 7.60% Per Annum; Shares Up 4%

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IIFL Finance (NSE:IIFL, BOM:532636) has assigned a coupon rate of 7.60% per annum for its $500 million senior, secured, fixed-rate notes, according to a Thursday filing to the Indian stock exchanges.

The notes are part of the company's $1 billion global medium-term note program. They will be allotted on June 10 and are scheduled to mature on Sept. 10, 2029.

The coupon rate of 7.60% per annum will be payable semi-annually on Sept. 10 and March 10 of each year, starting from March 10, 2027, until the maturity date.

The company's shares were up nearly 4% in recent trade.

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