By Tali Rackner
Norfolk, Va., June 20 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 250 million of secured redeemable nonconvertible debentures, according to a notice.
The 9% notes will mature in three years.
The 250 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.
The debentures will be listed on the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd.
Indiabulls is a Mumbai-based real estate company.
Issuer: | Indiabulls Housing Finance Ltd.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 250 million
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Tenor: | Three years
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Coupon: | 9%, payable annually
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Pricing date: | June 20
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Allotment date: | June 23
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