By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 20 billion of secured redeemable nonconvertible debentures in two options on Friday.
The securities included Rs. 5 billion two-year 7.45% debentures and Rs. 15 billion three-year 7.55% debentures.
The debentures were issued with a face value of Rs. 1 million each in a private placement.
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.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 20 billion
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| Allotment date: | Sept. 22
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| Option I
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| Amount: | Rs. 5 billion
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| Coupon: | 7.45%
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| Maturity: | Sept. 20, 2019
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| Option II
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| Amount: | Rs. 15 billion
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| Coupon: | 7.55%
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| Maturity: | Sept. 20, 2020
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