By Tali Rackner
Norfolk, Va., Sept. 9 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it priced Rs. 190 million of secured redeemable nonconvertible debentures.
The 9.85% notes will mature July 8, 2022.
The debentures were issued with a face value of Rs. 1 million each in a private placement.
The debentures will be listed on the BSE Ltd.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Real Estate Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 190 million
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| Maturity: | July 8, 2022
|
| Coupon: | 9.85%
|
| Allotment date: | Sept. 9
|
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