IIFL Home Finance to raise up to Rs 3,000 cr via public issue of bonds

                India's IIFL Home Finance plans to raise up to 
30 billion rupees ($358 million) through a 
public issue of bonds, according to a draft 
shelf prospectus filed by the company on 
Tuesday.
Trust Investment Advisors and IIFL Securities 
are the lead managers to the home finance 
company's issue, which is rated AA by Crisil 
and India Ratings.
The details of the bond issue have not yet been 
finalised.
In September, Reuters had reported that IIFL 
Finance is planning to raise 100 billion rupees 
via debt in October-March period, as the non-
bank lender looks to recover from a recent ban 
on issuing gold loans.
In March, Reserve Bank of India had ordered 
IIFL Finance to stop sanctioning and 
disbursing gold loans, citing "material 
supervisory concerns". The ban was lifted last 
month.


Source : Economic Times