By Susanna Moon
Chicago, March 22 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 3.75 billion of 9.4% one-year secured redeemable debentures.
The issue consists of Rs. 1.25 billion of the debentures with an over-allotment option for another Rs. 2.5 billion.
The company is planning to issue 3,750 of debentures under the special resolution passed by shareholders on July 23, 2015, according to a notice.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 1.25 billion
|
| Greenshoe: | Rs. 2.5 billion
|
| Maturity: | One year and one day
|
| Coupon: | 9.4%
|
| Settlement date: | March 29
|
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