By Tali Rackner
Norfolk, Va., Aug. 11 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 19.15 billion of secured redeemable non-convertible debentures in five tranches, according to a notice.
The total amount includes: Rs. 4.5 billion of 8.7% debentures due Feb. 9, 2018; Rs. 9.75 billion of 8.8% debentures due Aug. 10, 2018; Rs. 4.25 billion of 8.8% debentures due Aug. 10, 2018; Rs. 550 million of 8.8% debentures due Aug. 9, 2019; and Rs. 100 million of 8.8% debentures due Aug. 11, 2021.
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-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 19.15 billion
|
| Allotment date: | Aug. 11
|
|
|
| Tranche 1
|
| Amount: | Rs. 4.5 billion
|
| Coupon: | 8.7%
|
| Tenor: | One year, 182 days
|
| Maturity: | Feb. 9, 2018
|
|
|
| Tranche 2
|
| Amount: | Rs. 9.75 billion
|
| Coupon: | 8.8%
|
| Tenor: | Two years
|
| Maturity: | Aug. 10, 2018
|
|
|
| Tranche 3
|
| Amount: | Rs. 4.25 billion
|
| Coupon: | 8.8%
|
| Tenor: | Two years
|
| Maturity: | Aug. 10, 2018
|
|
|
| Tranche 4
|
| Amount: | Rs. 550 million
|
| Coupon: | 8.8%
|
| Tenor: | Three years
|
| Maturity: | Aug. 9, 2019
|
|
|
| Tranche 5
|
| Amount: | Rs. 100 million
|
| Coupon: | 8.8%
|
| Tenor: | Five years
|
| Maturity: | Aug. 11, 2021
|
|
|
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