By Tali Rackner
Norfolk, Va., June 28 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it priced Rs. 500 million of secured redeemable nonconvertible debentures, according to a notice.
The 9% notes will mature in two years.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated April 25.
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.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 500 million
|
| Maturity: | June 20, 2018
|
| Coupon: | 9%, payable annually and at maturity
|
| Allotment date: | June 28
|
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