New Issue: India’s Indiabulls places Rs. 6.1 billion of 9.3% 10-year debentures

By Wendy Van Sickle

Columbus, Ohio, June 30 – Indiabulls Housing Finance Ltd. allotted Rs. 6.1 billion of unsecured redeemable nonconvertible debentures on Wednesday, including a Rs. 3.1 billion greenshoe, according to a Bombay Stock Exchange notice.

The 9.3% notes will mature in 10 years.

The debentures were issued with a face value of Rs. 100,000 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:	Unsecured redeemable nonconvertible debentures
Amount:	Rs. 6,097,000,000, including Rs. 3,097,000,000 greenshoe
Maturity:	June 29, 2026
Coupon:	9.3%, payable annually and at maturity
Allotment date:	June 29

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