By Sarah Lizee
Olympia, Wash., June 27 – Indiabulls Real Estate Ltd. said it allotted Rs. 4.8 billion of 9½% secured redeemable nonconvertible debentures through a private placement on Wednesday, according to a term sheet.
The debt was issued in a Rs. 2.4 billion series I tranche maturing on June 27, 2020 and a Rs. 2.4 billion series II tranche maturing on June 27, 2021.
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. 4.8 billion
|
| Allotment date: | June 27
|
|
|
| Series I
|
| Amount: | Rs. 2.4 billion
|
| Maturity: | June 27, 2020
|
| Coupon: | 9½%
|
|
|
| Series II
|
| Amount: | Rs. 2.4 billion
|
| Maturity: | June 27, 2021
|
| Coupon: | 9½%
|
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