By Susanna Moon
Chicago, Aug. 31 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1 billion of 8.55% secured redeemable debentures with a tenor of two to five years.
The company will issue 1,000 of debentures with a face value of Rs. 1 million each in a private placement on Sept. 2, according to a notice.
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. 1 billion
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| Tenor: | Two to five years
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| Coupon: | 8.55%
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| Settlement date: | Sept. 2
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| Rating: | CARE: AAA
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| Brickwork: AAA
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