By Susanna Moon
Chicago, June 15 – Repco Home Finance Ltd. plans to issue Rs. 1 billion of 8¼% secured redeemable debentures due 2020.
Repco will issue 1,000 notes at par of Rs. 1 million each in a private placement, according to a notice with the Bombay Stock Exchange.
The issue was approved at a board meeting on Thursday.
Repco is a housing finance company based in Chennai, India.
| Issuer: | Repco Home Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 1 billion
|
| Maturity: | June 15, 2020
|
| Coupon: | 8¼%
|
| Allotment date: | June 15
|
| Rating: | CARE: AA
|
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