This tranche of NCDs has a base size of Rs 100 crore, with the possibility of retaining oversubscription up to Rs 400 crore, bringing the total possible issue size to Rs 500 crore. The company plans to utilise the proceeds from the NCDs for onward lending, refinancing existing debt, and general corporate purposes.

Investors can participate with a minimum investment of Rs 10,000 (10 NCDs), with each NCD having a face value of Rs 1,000. The NCDs offer a coupon of up to 9.85% per annum (under Series 10) and effective yield of up to 9.86% (under Series nine). The NCDs are available in tenors of 18 months, 24 months, 36 months, 60 months and 120 months with monthly and annual interest payment options across ten series.

The NCDs boast a credit rating of CRISIL AA/Stable and ICRA AA (Stable), indicating a moderate level of credit risk. The NCDs will be listed on the Bombay Stock Exchange (BSE).

360 ONE Prime (formerly known as IIFL Wealth Prime) is a wholly owned subsidiary of 360 ONE WAM (formerly known as IIFL Wealth Management) operating as a lending vehicle of the 360 ONE group. It is a non-bank financial company (NBFC) registered with the Reserve Bank of India. It offers loans against securities (LAS), property (LAP), and unsecured loans. It provides customized lending solutions including financing against a combination of liquid and illiquid financial assets to meet all funding requirements of its clients in form of term loans and advances.