By Tali Rackner
Norfolk, Va., March 27 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 250 million of secured redeemable nonconvertible debentures.
The 8½% notes will mature on March 27, 2020, 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. 250 million
|
| Coupon: | 8½%
|
| Maturity: | March 27, 2020
|
| Allotment date: | March 27
|
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