By Tali Rackner
Norfolk, Va., June 7 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it priced Rs. 5.75 billion of secured redeemable nonconvertible debentures in two tranches.
The company sold Rs. 5.5 billion of 9% debentures due March 20, 2018, including a Rs. 100 million greenshoe, and Rs. 250 million of 9% debentures due May 29, 2026.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated April 25, according to a notice.
The debentures will be listed on the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd.
Indiabulls is a Mumbai, India-based real estate company.
Issuer: | Indiabulls Housing Finance Ltd.
|
Issue: | Secured redeemable nonconvertible debentures
|
Amount: | Rs. 5.75 billion
|
Allotment date: | May 30
|
|
Tranche 1
|
Amount: | Rs. 5.5 billion (including Rs. 100 million greenshoe)
|
Maturity: | March 20, 2018
|
Tenor: | 659 days
|
Coupon: | 9%
|
|
Tranche 2
|
Amount: | Rs. 250 million
|
Maturity: | May 29, 2026
|
Tenor: | Ten years
|
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.