By Susanna Moon
Norfolk, Va., March 23 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it priced Rs. 5.1 billion of secured redeemable debentures in three tranches.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated Oct. 21, 2015, according to a notice.
The company sold Rs. 2.35 billion of 9.4935% debentures due March 12, 2018; Rs. 2.25 billion of 9.455% debentures due Sept. 12, 2018; and Rs. 500 million of 9.4953% debentures due March 11, 2019.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 5.1 billion
|
| Pricing date: | March 23
|
|
|
| Tranche 1
|
| Amount: | Rs. 2.35 billion
|
| Maturity: | March 12, 2018
|
| Tenor: | 719 days
|
| Coupon: | 9.4935%
|
|
|
| Tranche 2
|
| Amount: | Rs. 2.25 billion
|
| Maturity: | Sept. 12, 2018
|
| Tenor: | 903 days
|
| Coupon: | 9.455%
|
|
|
| Tranche 3
|
| Amount: | Rs. 500 million
|
| Maturity: | March 11, 2019
|
| Tenor: | 1,083 days
|
| Coupon: | 9.4953%
|
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