By Tali Rackner
Minneapolis, July 25 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 8.5 billion of secured redeemable nonconvertible debentures in four options, according to a notice.
The total amount includes: Rs. 3.25 billion of 7.4% debentures due Aug. 24, 2018; Rs. 600 million of 7.6% debentures due July 25, 2019, Rs. 3.65 billion of 7.68% debentures due July 24, 2020 and Rs. 1 billion of 7.82% debentures due July 25, 2022.
The debentures were issued with a face value of Rs. 1 million each in a private placement under a board authorization dated April 24.
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.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 8.5 billion
|
| Allotment date: | July 25
|
|
|
| Option 1
|
| Amount: | Rs. 3.25 billion
|
| Coupon: | 7.4%
|
| Tenor: | 13 months
|
| Maturity: | Aug. 24, 2018
|
|
|
| Option 2
|
| Amount: | Rs. 600 million
|
| Coupon: | 7.6%
|
| Tenor: | Two years
|
| Maturity: | July 25, 2019
|
|
|
| Option 3
|
| Amount: | Rs. 3.65 billion
|
| Coupon: | 7.68%
|
| Tenor: | Three years
|
| Maturity: | July 24, 2020
|
|
|
| Option 4
|
| Amount: | Rs. 1 billion
|
| Coupon: | 7.82%
|
| Tenor: | Five years
|
| Maturity: | July 25, 2022
|
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