New Issue: Indiabulls allots Rs. 10 billion of 8.35% debentures due 2024, 2027

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it has allotted Rs. 10 billion of 8.35% unsecured redeemable non-convertible subordinated debentures in two tranches.

A Rs. 1 billion tranche is due in 2024, and a Rs. 9 billion tranche is due in 2027.

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.
Issue:	Unsecured redeemable non-convertible subordinated debentures
Amount:	Rs. 10 billion
Coupon:	8.35%
Maturity:	Sept. 6, 2024 for Rs. 1 billion, Sept. 8, 2027 for Rs. 9 billion
Allotment date:	Sept. 8

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