By Sarah Lizee
Olympia, Wash., April 6 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 10 billion of 8.8% 10-year nonconvertible subordinated unsecured debentures.
The issue will open and close on Wednesday and was approved under a special resolution passed by shareholders on July 21, 2017, 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.
|
| Issue: | Nonconvertible subordinated unsecured debentures
|
| Amount: | Rs. 10 billion
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| Tenor: | 10 years
|
| Coupon: | 8.8%
|
| Allotment date: | April 12
|
| Ratings: | CARE: AA+
|
| BWR: AAA
|
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