By Susanna Moon
Chicago, May 27 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 550 million of bonds in two tranches.
The zero-coupon notes will be due in 1,216 days, and the 9% notes will mature in five years.
The 550 debentures with par value of Rs. 1 million each will be issued in a private placement, according to the notice.
Indiabulls is a Mumbai-based real estate company.
Issuer: | Indiabulls Housing Finance Ltd.
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Issue: | Secured redeemable debentures
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Amount: | Rs. 550 million
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Pricing date: | May 27
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Settlement date: | June 1
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Tranche 1
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Maturity: | 1,216 days
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Coupon: | 0%
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Tranche 2
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Maturity: | Five years
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Coupon: | 9%
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