By Sarah Lizee
Olympia, Wash., Dec. 19 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 750 million of 7.97% secured redeemable nonconvertible debentures with a greenshoe option for up to Rs. 3 billion.
The issue will open and close on Friday, and was approved under a special resolution passed by shareholders on July 21, according to a notice.
The bonds will be listed on BSE Ltd.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 750 million
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| Greenshoe: | Rs. 3 billion
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| Tenor: | 1151 days
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| Coupon: | 7.97%
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| Allotment date: | Dec. 22
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| Rating: | CARE: AAA
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