By Tali Rackner
Minneapolis, June 5 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 1.45 billion of 8.85% secured redeemable non-convertible debentures in two options, according to a notice.
The total amount includes Rs. 1 billion of debentures due June 5, 2023 and Rs. 450 million of debentures due April 28, 2022.
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-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable non-convertible debentures
|
| Amount: | Rs. 1.45 billion
|
| Allotment date: | June 5
|
|
|
| Option 1
|
| Amount: | Rs. 1 billion
|
| Coupon: | 8.85%
|
| Tenor: | Five years
|
| Maturity: | June 5, 2023
|
|
|
| Option 2
|
| Amount: | Rs. 450 million
|
| Coupon: | 8.85%
|
| Tenor: | 1,423 days
|
| Maturity: | April 28, 2022
|
|
|
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