Khaitan & Co and JSA have advised on the update of IIFL Finance Limited’s existing US$1 billion secured Global Medium Term Note (GMTN) Programme.
The updated programme provides a platform for IIFL Finance to issue notes from time to time in the international debt capital markets and will be listed on stock exchanges in IFSC GIFT City. The notes may be issued in compliance with Rule 144A and Regulation S of the U.S. Securities Act, 1933.
IIFL Finance is a leading non-banking financial company in India, offering a diversified range of lending and financial products, including gold loans, home loans, business loans, microfinance, and capital market finance solutions.
Khaitan & Co advised IIFL Finance Limited on the update of its existing US$1 billion Global Medium Term Note Programme. HSBC, J.P. Morgan Securities and Standard Chartered Bank acted as arrangers and dealers under the programme.
The core deal team comprised Manisha Shroff, Rajshekhar Upadhyaya, Nikunj Mehta, Charul Lunia, Nandini Arya and Shivansh Jain.
The transaction was assisted by Vinita Krishnan, Ashish Mehta, and Sneh Shah on tax matters.
JSA advised J.P. Morgan Securities plc, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank as arrangers and dealers in connection with the update of the programme.
The transaction was led by Partners Arka Mookerjee and Soumitra Majumdar.
The Capital Markets team comprised Partner Pracheta Bhattacharya and Associate Aditya Sureka.
The Banking & Finance team comprised Principal Associate Deboshree Mukherjee.
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