By Sarah Lizee
Olympia, Wash., March 27 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 15 billion of unsecured redeemable nonconvertible subordinated debentures.
The 8.8% debentures will mature on March 27, 2028, according to a notice.
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: | Unsecured redeemable nonconvertible subordinated debentures
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| Amount: | Rs. 15 billion
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| Maturity: | March 27, 2028
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| Coupon: | 8.8%
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| Allotment date: | March 27
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