By Tali Rackner
Minneapolis, April 18 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 250 million of secured redeemable nonconvertible debentures.
The 8.38608% notes will mature on March 13, 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, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 250 million
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| Coupon: | 8.38608%
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| Maturity: | March 13, 2020
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| Allotment date: | April 18
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