By Sarah Lizee
Olympia, Wash., Jan. 24 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 5.25 billion of secured redeemable nonconvertible debentures in two options, according to a notice.
The total amount includes Rs. 3 billion of zero-coupon debentures due Jan. 24, 2020 and Rs. 2.25 billion of 8.12% debentures due Jan. 24, 2025.
The debentures will be listed on the National Stock Exchange of India Ltd. and BSE Ltd.
In a separate notice, the company said its bond issue committee will meet on or after Jan. 30 to consider issuing rupee-denominated bonds under its euro medium-term note program. Pricing of the bonds will be decided at the meeting.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 5.25 billion
|
| Allotment date: | Jan. 24
|
|
|
| Option 1
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| Amount: | Rs. 3 billion
|
| Coupon: | 0%
|
| Tenor: | Two years
|
| Maturity: | Jan. 24, 2020
|
|
|
| Option 2
|
| Amount: | Rs. 2.25 billion
|
| Coupon: | 8.12%, payable annually
|
| Tenor: | Seven years
|
| Maturity: | Jan. 24, 2025
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