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Published on 3/8/2017 in the Prospect News Emerging Markets Daily.

New Issue: India’s Indiabulls prices Rs. 4.95 billion of 8.1% debentures due 2018

By Tali Rackner

Norfolk, Va., March 8 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 4.95 billion of secured redeemable non-convertible debentures.

The 8.1% notes will mature on March 15, 2018, according to a notice.

The debentures were issued with a face value of Rs. 1 million each in a private placement.

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. 4.95 billion
Maturity:March 15, 2018
Coupon:8.1%
Allotment date:March 8

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