By Susanna Moon
Norfolk, Va., March 23 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it priced Rs. 2.75 billion of 9.2% one-year secured redeemable debentures.
There is an over-allotment option for another Rs. 1 billion of debentures.
The 2,750 debentures have a face value of Rs. 1 million each and will be issued in a private placement under a special resolution passed by shareholders held Sept. 7, 2015, according to a notice.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 2.75 billion
|
| Greenshoe: | Rs. 1 billion
|
| Maturity: | One year and one day
|
| Coupon: | 9.2%
|
| Pricing date: | March 23
|
| Settlement date: | March 30
|
| Rating: | CARE: AAA
|
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