By Susanna Moon
Chicago, April 20 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it sold Rs. 4.92 billion of secured redeemable debentures in three tranches.
The company sold Rs. 1.25 billion of 0% debentures due 2020, Rs. 670 million of 0% debentures due 2020 and Rs. 3 billion of 8.3973% debentures due 2020.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated Oct. 21, according to a notice.
Indiabulls Housing Finance is a Mumbai-based housing financial company that provides home loans, loans against properties and commercial vehicle loans primarily to salaried and self-employed sectors in India.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 4.92 billion
|
| Allotment date: | April 19
|
|
|
| Tranche 1
|
| Amount: | Rs. 1.25 billion
|
| Maturity: | May 12, 2020
|
| Coupon: | 0%
|
|
|
| Tranche 2
|
| Amount: | Rs. 670 million
|
| Maturity: | April 28, 2020
|
| Coupon: | 0%
|
|
|
| Tranche 3
|
| Amount: | Rs. 3 billion
|
| Maturity: | April 20, 2020
|
| Coupon: | 8.3973%
|
|
|
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