By Susanna Moon
Chicago, July 28 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 5 billion of 9.85% unsecured subordinated perpetual debentures in a private placement.
The issue will open Aug. 3 and close the same day and was approved at a shareholder meeting held July 21, according to the company notice.
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 subordinated debentures
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| Amount: | Rs. 5 billion
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| Coupon: | 9.85%
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| Maturity: | Perpetual
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| Call option: | After 10 years and then annually after that
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| Ratings: | CARE: AA
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| Brickworks: AA+
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| Allotment date: | Aug. 3
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