By Tali Rackner
Norfolk, Va., Aug. 9 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 16.55 billion of secured redeemable nonconvertible debentures in four tranches, according to a notice.
The total amount includes: Rs. 1.5 billion of 8.7% debentures due March 9, 2018; Rs. 8.5 billion of 8.8% debentures due Aug. 9, 2018; Rs. 4.5 billion of 8.8% debentures due Aug. 9, 2018; and Rs. 2.05 billion of 8.8% debentures due Aug. 9, 2019.
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
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Amount: | Rs. 16.55 billion
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Allotment date: | Aug. 9
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|
Tranche 1
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Amount: | Rs. 1.5 billion
|
Coupon: | 8.7%
|
Tenor: | 19 months
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Maturity: | March 9, 2018
|
|
Tranche 2
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Amount: | Rs. 8.5 billion
|
Coupon: | 8.8%
|
Tenor: | Two years
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Maturity: | Aug. 9, 2018
|
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Tranche 3
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Amount: | Rs. 4.5 billion
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Coupon: | 8.8%
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Tenor: | Two years
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Maturity: | Aug. 9, 2018
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|
Tranche 4
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Amount: | Rs. 2.05 billion
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Coupon: | 8.8%
|
Tenor: | Three years
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Maturity: | Aug. 9, 2019
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