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India’s IIFL Finance Plans to Increase Fundraising Through Bonds, Confirms Official

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IIFL Finance, an Indian non-bank financier, plans to expand borrowing through bonds due to lower capital market rates. Their CFO stated it depends on finding the right pricing and tenor. Their borrowing mix is currently 60% from banks, 20% from the bond market and the remainder from development finance institutions. They anticipate a borrowing increase of INR8bn to fund 25% growth.

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