This NBFC is offering up to 9% per annum interest on its debt papers


This NBFC is offering up to 9% per annum interest on its debt papers

The IIFL bonds offer highest effective yield of 8.75 per cent per annum for a tenure of 60 months. The company said it would also offer an incentive of 0.25 per cent per annum for the existing bond or equity shareholders of the company, taking their yield to 9 per cent.

The Essel group Direct-to-Home service provider had week sought an extension citing time required for any change in the CEO or the board of directors of the company, as it needs the approval of the Ministry of Information and Broadcasting.


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