By Sarah Lizee
Olympia, Wash., March 23 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 4.32 billion of secured redeemable nonconvertible debentures in two options, according to a notice.
The total amount includes Rs. 3 billion of 8.4% debentures due June 22, 2021 and Rs. 1.32 billion of 8.4029% debentures due April 8, 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. 4.32 billion
|
| Allotment date: | March 23
|
|
|
| Option 1
|
| Amount: | Rs. 3 billion
|
| Coupon: | 8.4%
|
| Tenor: | 1,187 days
|
| Maturity: | June 22, 2021
|
|
|
| Option 2
|
| Amount: | Rs. 1.32 billion
|
| Coupon: | 8.4029%
|
| Tenor: | 1,112 days
|
| Maturity: | April 8, 2021
|
|
|
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