By Mary-Katherine Stinson
Lexington, Ky., April 4 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 250 million of 9¾% secured redeemable nonconvertible debentures due April 3, 2027 with a face value Rs. 100,000 each, according to a notice.
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. 250 million
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| Maturity: | April 3, 2027
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| Coupon: | 9¾%
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| Price: | Par of Rs. 100,000
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| Issue date: | April 4
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| Distribution: | Private placement
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