Indian non-bank financier, IIFL Finance, is looking to expand borrowing via the bond market following recent softening of capital market rates, according to the company’s group chief finance officer, Kapish Jain. Jain stated that expansion of borrowing via bonds would depend on sufficient pricing and finding the right tenor. As of March 31st, IIFL Finance’s total borrowing stood at nearly INR40bn ($485.07m) with a borrowing mix of 60% from banks, 20% from the bond market and the remainder from development finance institutions. The non-bank financier anticipates an increase in borrowing of INR8bn to fund 25% growth in its assets under management.Â
India’s IIFL Finance Plans to Increase Fundraising Through Bonds, Confirms Official
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