Published on 6/29/2017 in the Prospect News Emerging Markets Daily.
New Issue: India’s Indiabulls allots Rs. 5 billion of 9% debentures due 2019, 2020
By Wendy Van Sickle
Columbus, Ohio, June 29 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it has allotted Rs. 5 billion of 9% secured redeemable non-convertible debentures in two evenly sized tranches due 2019 and 2020.
The debentures were issued with a face value of Rs. 1 million each in a private placement, according to the company notice.
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. 5 billion
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| Coupon: | 9%
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| Maturity: | June 28, 2019 for Rs. 2.5 billion, June 29, 2020 for Rs. 2.5 billion
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| Allotment date: | June 29
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