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Indiabulls Housing offers to buy back its 10.7% bonds due June 28
By Rebecca Melvin
Concord, N.H., May 11 – Indiabulls Housing Finance Ltd. is offering to acquire all of its outstanding Rs. 800 million 10.7% bonds due June 28, 2022 (ISIN: INE894F07550) at par under a negotiated trade with individual holders, according to an announcement on Wednesday.
The company will hold the purchased bonds, which are listed on the Bombay Stock Exchange, as treasury stock until maturity.
Indiabulls is a Mumbai, India-based real estate company.
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