By Susanna Moon
Chicago, July 18 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it allotted Rs. 335 million of secured redeemable debentures in two tranches.
The Rs. 135 million of 8.9% debentures will be due in 606 days, and the Rs. 200 million of 8.95% debentures will mature in two years.
The debentures will be issued with a par value of Rs. 1 million each in a private placement, according to the notice.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 335 million
|
| Allotment date: | July 18
|
|
|
| Tranche 1
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| Amount: | Rs. 135 million
|
| Maturity: | March 16, 2018
|
| Coupon: | 8.9%
|
|
|
| Tranche 2
|
| Amount: | Rs. 200 million
|
| Maturity: | July 18, 2018
|
| Coupon: | 8.95%
|
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