IIFL Finance raises $300 million via social debt issue

IIFL Finance, a gold‑loan lender, said it has accepted bids totalling $300 million for a four‑year social‑dollar bond, marking its second such raise in under a month, according to two merchant bankers who spoke on condition of anonymity on Friday.

The NBFC said it will pay investors a yield of 7.75 %, a bit under the earlier guidance of around 7.85 %, the bankers noted, asking not to be named because they are not authorised to speak to the press.

IIFL Finance did not respond to a Reuters request for comment.

In early June, IIFL Finance raised $500 million by issuing social bonds that mature in three years and three months, carrying a coupon of 7.60 %.

The new raise will help the non‑bank lender broaden its funding mix, with the goal of lifting external borrowings to about 20 % of total funding from roughly 13 % today.

The notes are backed by the issuer’s receivables and assets, and the proceeds will be used for lending and to support business growth, consistent with the firm’s social‑finance framework.

Published on July 3, 2026