By Tali Rackner
Norfolk, Va., Aug. 9 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 4 billion of secured redeemable nonconvertible debentures with a greenshoe.
The notes will price with tenors of 18 months, two years, three years and five years and coupons ranging from 8.7% to 8.8%, according to a notice.
Indiabulls plans to price 4,000 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.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 4 billion
|
| Tenors: | 18 months, two years, three years, five years
|
| Coupons: | 8.7% to 8.8%
|
| Allotment date: | Aug. 11
|
| Ratings: | CARE: AAA
|
| Brickwork: AAA
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
