India’s Dewan Housing Finance allots Rs. 3 billion 8.04% debentures

By Sarah Lizee

Olympia, Wash., March 22 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that the finance committee of its board of directors met Thursday to allot Rs. 3 billion of 8.04% secured redeemable nonconvertible debentures due 2019 with a greenshoe option for up to Rs. 3 billion.

The debentures, with a face value of Rs. 1 million each, were issued in a private placement.

The bonds will be listed on BSE Ltd.

Dewan Housing is based in Gurgaon, India.

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