New Issue: India’s Indiabulls plans Rs. 6.25 billion 9% debentures in one or more tranches

By Tali Rackner

Norfolk, Va., June 28 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 6.25 billion of secured redeemable nonconvertible debentures, according to a notice.

The 9% notes will have tenors of 713 days, 777 days, 1,076 days, three years, 1,110 days, five years and/or 10 years.

The 6,250 debentures with par value of Rs. 1 million each will be issued in a private placement. There is 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.
Issue:	Secured redeemable nonconvertible debentures
Amount:	Rs. 6.25 billion
Tenor:	713 days, 777 days, 1,076 days, three years, 1,110 days, five years and/or 10 years
Coupon:	9%, payable annually
Pricing date:	June 28
Allotment date:	June 30
Ratings:	Care: AAA
	Brickwork: AAA

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