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The company would issue the NCDs with a face value of Rs 1,000 each, aggregating up to Rs 525 crore with an option to retain over-subscription of a similar amount.
The NCDs have an investment horizon of 3 years and 5 years.
India Infoline Finance offers an annual coupon of 12% on both the NCDs, which also have the option of monthly interest payment with a yield of 12.68% per annum.
"We are offering an attractive yield of 12.68 per annum on the monthly interest option," IIFL President B K Singh said here today.
The proceeds of the fund would be utilised for expanding asset book of mortgage business, commercial vehicle finance and medical equipment finance, he said.
The issue will open for subscription on September 17 and will close on October 4.
The NCDs will be listed on both BSE and National Stock Exchange.
