IIFL Finance, one of the country's largest Non-Banking Financial Companies, on Friday said that it has closed its retail bonds issue today after the issue received 9.35 times oversubscription in just 10 days since issuance on 27 September. Rajesh Rajak, CFO, IIFL Finance said, “We thank all the investors for their trust in our issue. IIFL Finance has over 2500 branches and Loan Assets under Management of ₹43,160 crore as on June 30, 2021. The lead managers to the issue are Edelweiss Financial Services Limited, IIFL Securities Limited and Equirus Capital Private Limited. The IIFL Bonds are issued at face value of ₹1,000 and the minimum application size is ₹10,000 across all categories.

Source: Mint October 08, 2021 14:37 UTC