By Wendy Van Sickle
Columbus, Ohio, March 31 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it has allotted Rs. 375 million of secured redeemable nonconvertible debentures in two options.
The company allotted Rs. 250 million of 8.15% debentures due June 29, 2018 and Rs. 125 million of 0% debentures due April 30, 2020.
The debentures were issued with a face value of Rs. 1 million each in a private placement.
The debentures are proposed to be listed on the National Stock Exchange of India Ltd. and the BSE Ltd.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Amount: | Rs. 375 million
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Allotment date: | March 31
|
|
|
| Option 1
|
| Amount: | Rs. 250 million
|
| Coupon: | 8.15%
|
| Maturity: | June 29, 2028
|
|
|
| Option 2
|
| Amount: | Rs. 125 million
|
| Coupon: | 0%
|
| Maturity: | April 30, 2020
|
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