New Issue: India’s Indiabulls sells Rs. 8.95 billion debentures in five options

By Sarah Lizee

Olympia, Wash., Dec. 28 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 8.95 billion of secured redeemable nonconvertible debentures in five options, according to a notice.

The total amount includes: Rs. 2 billion of 7.9% debentures due Aug. 30, 2019; Rs. 4.7 billion of 7.45% debentures due Dec. 28, 2018; Rs. 250 million of 7.45% debentures, to be stepped up to 7.69% in year two and year three, due Dec. 24, 2020; Rs. 1.25 billion of 8.0253% debentures due April 6, 2021; and Rs. 750 million of debentures due Feb. 12, 2021.

The debentures will be listed on the National Stock Exchange of India Ltd. and BSE Ltd.

Indiabulls is a Mumbai, India-based real estate company.

Issuer:	Indiabulls Housing Finance Ltd.
Issue:	Secured redeemable nonconvertible debentures
Amount:	Rs. 8.95 billion
Allotment date:	Dec. 27
Option 1
Amount:	Rs. 2 billion
Coupon:	7.9%
Tenor:	611 days
Maturity:	Aug. 30, 2019
Option 2
Amount:	Rs. 4.7 billion
Coupon:	7.45%
Tenor:	1 year and 1 day
Maturity:	Dec. 28, 2018
Option 3
Amount:	Rs. 250 million
Coupon:	7.45%, stepped up to 7.69% in years two and three
Tenor:	1,093 days
Maturity:	Dec. 24, 2020
Option 4
Amount:	Rs. 1.25 billion
Coupon:	8.0253%
Tenor:	1196 days
Maturity:	April 6, 2021
Option 5
Amount:	Rs. 750 million
Coupon:	N/A
Tenor:	1,143 days
Maturity:	Feb. 12, 2021

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