IIFL Finance Plans $500-750 Million Fundraising via ECBs and Dollar Bonds

IIFL Finance, backed by Fairfax, plans to raise $500-750 million through external commercial borrowings and dollar bonds in March to diversify funding and support growth. The gold-loan focused non-bank lender is engaging with existing investors and banks from Singapore and Taiwan. This follows the Reserve Bank of India's recent relaxation of ECB limits and norms. IIFL Finance also aims to increase bond issuance, having launched a ₹2,000 crore retail bond in February.