By Wendy Van Sickle
Columbus, Ohio, July 20 – Indiabulls Housing Finance Ltd. is proposing an issue of Rs. 250 million of secured nonconvertible redeemable debentures plus a greenshoe, according to a Bombay Stock Exchange notice.
The 8.9% notes will have a tenor of 10 years.
The 250 debentures will have a face value of Rs. 1 million each and will be issued on a private placement basis pursuant to the special resolution passed by the shareholders of the company at the 10th annual general meeting held on Sept. 7, 2015.
The debentures will be listed on the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd.
Indiabulls Housing Finance is a Mumbai-based housing financial company that provides home loans, loans against properties and commercial vehicle loans primarily to salaried and self-employed sectors in India.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured nonconvertible redeemable debentures
|
| Amount: | Rs. 250 million
|
| Tenor: | 10 years
|
| Coupon: | 8.9%
|
| Allotment date: | July 22
|
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