By Tali Rackner
Norfolk, Va., March 22 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it priced Rs. 1 billion of 9.02% secured redeemable nonconvertible debentures due April 20, 2018.
The 100 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.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 1 billion
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Maturity: | April 20, 2018
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Coupon: | 9.02%
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Allotment date: | March 22
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