By Susanna Moon
Chicago, March 21 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 500 million of 9% two-year secured redeemable debentures in a private placement.
The issue was approved at a shareholder meeting on Sept. 7, 2015, according to a company notice.
Indiabulls Housing Finance is a Mumbai-based housing finance company that provides home loans, loans against properties and commercial vehicle loans primarily to salaried and self-employed sectors in India.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 500 million
|
| Maturity: | Two years
|
| Coupon: | 9%
|
| Settlement date: | March 28
|
| Distribution: | Private placement
|
| Ratings: | CARE: AAA
|
| Brickwork: AAA
|
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