By Susanna Moon
Chicago, Aug. 4 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it plans to issue up to Rs. 10 billion of secured redeemable debentures with a greenshoe option.
The notes will price with a tenor of 19 months, two years and three years and a coupon ranging from 8.65% to 8.8%, according to a notice.
Indiabulls plans to price 10,000 debentures with a face value of Rs. 1 million each in a private placement.
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.
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| Issue: | Secured redeemable debentures
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| Amount: | Rs. 10 billion
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| Tenor: | 19 months, two years, three years
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| Coupon: | 8.65% to 8.8%
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| Allotment date: | Aug. 9
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| Ratings: | Care: AAA
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| Brickwork: AAA
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