New Delhi : India Infoline Housing Finance Limited (IIHFL), the housing finance arm of India Infoline Limited, one of the largest diversified financial services companies in India, plans to raise Rs 500 crore (NCD issue aggregating up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore).

India Infoline Housing Finance Ltd (IIHFL) is registered as a Housing Finance Company with the National Housing Bank (NHB), and its maiden public issue of IIFL Home Bonds with 5 year tenor, offering attractive 12.15% p.a.1 yield, which is a coupon of 11.52% p.a. payable monthly.

Mr. Mukesh Singh, Non-Executive Director, IIHFL, pointed out, “The company organized investor meets and roadshows in more than 20 cities and investors’ response has been very encouraging all over. The IIFL group has an impeccable track record and all interest payments to customers have been serviced timely with 100% accuracy.”

Amar Ambani, Head of Research, IIFL, said, “We have been presenting to investors that the outlook for equities markets has improved but investors at all times should do a prudent asset allocation. For fixed income part, IIFL Home Bonds are attractive for being secured, offering monthly cash flow and a high yield of 12.15%.”

The recent NCD issue of India Infoline Finance Limited, parent company of IIHFL, raised Rs 1050 crore. This was the largest public issue of bonds, by any private issuer in India, in the last 4 years (as per Prime Database).

Source :  Naresh Sharma