By Wendy Van Sickle
Columbus, Ohio, June 15 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 2 billion of bonds.
The 9% notes will mature in two years.
The 2,000 debentures with par value of Rs. 1 million each will be issued in a private placement, according to the notice. The company also plans a greenshoe option.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
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| Issue: | Secured nonconvertible redeemable debentures
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| Amount: | Rs. 2 billion
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| Coupon: | 9%
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| Maturity: | Two years
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| Pricing date: | June 15
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| Settlement date: | June 20
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