By Tali Rackner
Norfolk, Va., June 30 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it priced Rs. 7.65 billion of secured redeemable nonconvertible debentures in six tranches, according to a notice.
The notes have a coupon of 9%, payable annually and at maturity.
The total amount includes: Rs. 700 million due June 13, 2018; Rs. 700 million due Aug. 16, 2018, Rs. 100 million due June 11, 2019, Rs. 3.4 billion due June 28, 2019, Rs. 750 million due July 15, 2019, and Rs. 2 billion due June 30, 2026.
The total amount includes an Rs. 1.4 billion greenhoe option.
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 BSE Ltd.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 7.65 billion
|
| Coupon: | 9%, payable annually
|
| Pricing date: | June 28
|
| Allotment date: | June 30
|
|
|
| Tranche 1
|
| Amount: | Rs. 700 million
|
| Tenor: | 713 days
|
| Maturity: | June 13, 2018
|
|
|
| Tranche 2
|
| Amount: | Rs. 700 million
|
| Tenor: | 777 days
|
| Maturity: | Aug. 16, 2018
|
|
|
| Tranche 3
|
| Amount: | Rs. 100 million
|
| Tenor: | 1,076 days
|
| Maturity: | June 11, 2019
|
|
|
| Tranche 4
|
| Amount: | Rs. 3.4 billion
|
| Tenor: | Three years
|
| Maturity: | June 28, 2019
|
|
|
| Tranche 5
|
| Amount: | Rs. 750 million
|
| Tenor: | 1,110 days
|
| Maturity: | July 15, 2019
|
|
|
| Tranche 6
|
| Amount: | Rs. 2 billion
|
| Tenor: | 10 years
|
| Maturity: | June 30, 2026
|
|
|
|
|
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