IIFL Finance’s debut social bond raises $500m, pricing cut to 7.6% amid $1.7bn demand
IIFL Finance secured $500 million in its first dollar‑denominated social bond, tightening the coupon to 7.6% from 7.9% after investor demand topped $1.7 billion. The funds will expand credit to over 5 million unbanked Indians, marking a major milestone for the nascent Indian social‑bond market.