By Sarah Lizee
Olympia, Wash., April 18 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that the members of the finance committee of its board of directors approved an allotment of Rs. 10 billion of 8˝% secured notes due April 18, 2023.
The notes were offered at a price of 98.972 on Wednesday under the company’s $2 billion medium-term note program.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
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| Issue: | Secured notes
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| Amount: | Rs. 10 billion
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| Maturity: | April 18, 2023
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| Price: | 98.972
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| Coupon: | 8˝%
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| Allotment date: | April 18
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