By Tali Rackner
Norfolk, Va., April 11 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it priced Rs. 370 million of three-year secured redeemable nonconvertible debentures.
The zero-coupon debentures have an implicit yield of 8.97%.
The 370 debentures have a face value of Rs. 1 million each and will be issued in a private placement.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 370 million
|
| Maturity: | April 15, 2019
|
| Coupon: | None
|
| Implicit yield: | 8.97%
|
| Pricing date: | April 6
|
| Settlement date: | April 11
|
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