By Tali Rackner
Minneapolis, March 19 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 8.5 billion of secured redeemable nonconvertible debentures in two options, according to a notice.
The total amount includes Rs. 6 billion of 8.4% debentures due March 19, 2021 and Rs. 2.5 billion of 8.3873% debentures due June 15, 2021.
The debentures were issued via private placement and 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. 8.5 billion
|
| Allotment date: | March 19
|
|
|
| Option 1
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| Amount: | Rs. 6 billion
|
| Coupon: | 8.4%
|
| Tenor: | Three years
|
| Maturity: | March 19, 2021
|
|
|
| Option 2
|
| Amount: | Rs. 2.5 billion
|
| Coupon: | 8.3873%
|
| Tenor: | 1,184 days
|
| Maturity: | June 15, 2021
|
|
|
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