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    IIFL Finance buys back $50 million overseas bonds

    Synopsis

    IIFL Finance bought back overseas bonds worth $50 million, to reduce the cost of borrowing by up to 200 bps, reports Our Bureau. The non-banking finance company had earlier sold dollar bonds worth $400 million in February 2020. This is the second buyback after March 2022. IIFL Finance offered 5.87% coupon at issuance. The bonds mature in April 2023.

    IIFL Fin Buys Back $500 m Overseas BondsAgencies
    IIFL Finance bought back overseas bonds worth $50 million, to reduce the cost of borrowing by up to 200 bps, reports Our Bureau. The non-banking finance company had earlier sold dollar bonds worth $400 million in February 2020. This is the second buyback after March 2022. IIFL Finance offered 5.87% coupon at issuance. The bonds mature in April 2023.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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