IBL Finance allots secured NCDs worth ₹38 lakh at 13% coupon
What's the deal? IBL Finance has allotted secured non-convertible debentures (NCDs) worth ₹38 lakh (approximately $45,500) carrying a 13% coupon rate with monthly interest payments.
The issuance represents a small-scale debt instrument offering aimed at investors seeking high-yield, secured returns.
The signal: High-coupon NCDs from smaller finance companies reflect continued demand for fixed-income products that offer returns well above traditional bank deposit rates. For niche lenders like IBL Finance, secured NCDs provide an alternative fundraising channel outside conventional bank borrowing.
However, the modest size of the allotment — under $50,000 — suggests this is a targeted raise rather than a broad capital markets play.
Read more: scanx.trade
