New Issue: India’s Indiabulls issues Rs. 1.6 billion of 0% debentures due 2020

By Wendy Van Sickle

Columbus, Ohio, March 23 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it allotted Rs. 1.6 billion of 0% secured redeemable nonconvertible debentures due 2020 on Thursday.

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 nonconvertible debentures
Amount:	Rs. 1.6 billion
Maturity:	June 1, 2020
Coupon:	0%
Allotment date:	March 23

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