By Susanna Moon
Chicago, June 15 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it has allotted Rs. 250 million of secured redeemable debentures due 2019 in the first tranche.
The debentures were issued with a face value of Rs. 1 million each in a private placement, according to the company notice.
As announced April 24, Indiabulls’ board of directors approved the issue of up to Rs. 270 billion of debentures, consisting of up to Rs. 250 billion of secured debentures and up to Rs. 20 billion of unsecured redeemable subordinated debt.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
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| Issue: | Secured redeemable debentures
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| Amount: | Rs. 250 million
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| Coupon: | 7.85%
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| Maturity: | June 14, 2019
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| Allotment date: | June 15
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