By Tali Rackner
Norfolk, Va., April 12 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it priced Rs. 850 million of secured redeemable nonconvertible debentures in three tranches.
The company sold Rs. 250 million of 8.95% debentures due 2019, Rs. 250 million of 9% debentures due 2021 and Rs. 350 million of 9% debentures due 2026.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated Oct. 21, according to a notice.
Indiabulls Housing Finance is a Mumbai-based housing financial 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 nonconvertible debentures
|
| Amount: | Rs. 850 million
|
| Allotment date: | April 12
|
|
|
| Tranche 1
|
| Amount: | Rs. 250 million
|
| Maturity: | April 12, 2019
|
| Coupon: | 8.95%
|
|
|
| Tranche 2
|
| Amount: | Rs. 250 million
|
| Maturity: | April 12, 2021
|
| Coupon: | 9%
|
|
|
| Tranche 3
|
| Amount: | Rs. 350 million
|
| Maturity: | April 11, 2026
|
| Coupon: | 9%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
