Published on 5/18/2020 in the Prospect News Emerging Markets Daily.
New Issue: Indiabulls Housing allots Rs. 1.03 billion 9.1% debentures due 2023
By Sarah Lizee
Olympia, Wash., May 18 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 1.03 billion of 9.1% secured redeemable nonconvertible debentures due May 18, 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.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 1.03 billion
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Maturity: | May 18, 2023
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Coupon: | 9.1%
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Allotment date: | May 18
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Distribution: | Private placement
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