IIFL Finance raises $325-M through global bonds

Publicly listed, Mumbai-headquartered non-banking financial company (NBFC) IIFL Finance has raised USD 325 million through international bonds. The bonds are of three and half year tenure at 8.75 % coupon rate and will be used by the company for on-lending.About 95 % of the issue was subscribed by fund managers and the rest by banks and insurance companies.