By Tali Rackner
Norfolk, Va., March 11 – Indiabulls Real Estate Ltd. said it issued Rs. 3 billion of 11% secured redeemable nonconvertible debentures through a private placement on Friday, according to a term sheet.
The debt was issued in a Rs. 2 billion series I tranche maturing on March 11, 2019 and a Rs. 1 billion series II tranche maturing on Sept. 11, 2018.
The debentures have a face value of Rs. 1 million each.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Real Estate Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 3 billion
|
| Settlement date: | March 11
|
|
|
| Series I
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| Amount: | Rs. 2 billion
|
| Maturity: | March 11, 2019
|
| Coupon: | 11%
|
|
|
| Series II
|
| Amount: | Rs. 1 billion
|
| Maturity: | Sept. 11, 2018
|
| Coupon: | 11%
|
|
|
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