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Published on 4/30/2020 in the Prospect News Emerging Markets Daily.

New Issue: Indiabulls Housing allots Rs. 2 billion 9.1% debentures due 2023

By Sarah Lizee

Olympia, Wash., April 30 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 2 billion of 9.1% secured redeemable nonconvertible debentures due April 28, 2023.

The privately placed debentures will be listed on the National Stock Exchange of India Ltd. and BSE Ltd.

Indiabulls is a Gurugram, India-based real estate company.

Issuer:Indiabulls Housing Finance Ltd.
Issue:Secured redeemable nonconvertible debentures
Amount:Rs. 2 billion
Maturity:April 28, 2023
Coupon:9.1%
Allotment date:April 30
Distribution:Private placement

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