By Susanna Moon
Chicago, March 21 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it has allotted Rs. 6 billion of 8.57% secured redeemable debentures due 2022, which includes an over-allotment option for Rs. 1 billion.
The debentures were issued with a face value of Rs. 1 million each in a private placement, according to a notice.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 6 billion (including Rs. 1 billion greenshoe)
|
| Maturity: | March 21, 2022
|
| Coupon: | 8.57%
|
| Allotment date: | March 21
|
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