By Tali Rackner
Norfolk, Va., Aug. 23 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and issued Rs. 4.75 billion of 10¾% unsecured nonconvertible subordinated perpetual debentures.
The total amount includes a fully exercised greenshoe option of Rs. 2.75 billion.
The 4,750 debentures, with a face value of Rs. 1 million each, will be issued on a private placement basis.
The bonds will be listed on the National Stock Exchange of India Ltd.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
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| Issue: | Unsecured nonconvertible subordinated perpetual debentures
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| Amount: | Rs. 4.75 billion, including Rs. 2.75 billion greenshoe
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| Coupon: | 10¾%
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| Maturity: | Perpetual
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| Ratings: | CARE: AA
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| Brickwork: AA+
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| Allotment date: | Aug. 23
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