By Sarah Lizee
Olympia, Wash., Nov. 2 – 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. 12.5 billion of 9.88% secured redeemable nonconvertible debentures due Nov. 2, 2021.
The issue was approved at a meeting held on Friday, according to the notice.
The debentures 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. 12.5 billion
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| Maturity: | Nov. 2, 2021
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| Tenor: | Three years
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| Coupon: | 9.88%, payable quarterly
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| Ratings: | CARE: AAA
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| Allotment date: | Nov. 2
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