Khaitan & Co advised IIFL Finance on the issue of senior secured fixed rate notes worth USD 325 million under its USD 1 billion global medium-term note program. Listed on India INX in IFSC GIFT City, the notes are secured against specific receivables. This marks IIFL’s first international debt issuance since 2020, attracting a strong demand with an oversubscribed order book of over USD 730 million.

The deal team included Manisha Shroff, Arijit Sarkar, Rajshekhar Upadhyaya, Nikunj Mehta, Aparna Arya, Charul Lunia, and Ananya Bharadwaja.

Source: Khaitan & Co’s LinkedIn Page