Published on 6/29/2018 in the Prospect News Emerging Markets Daily.
New Issue: Indiabulls sells Rs. 399 million 8.3873%, 8.85% notes due 2021, 2022
By Susanna Moon
Chicago, June 29 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it allotted Rs. 399 million of secured redeemable nonconvertible debentures in two options on Friday.
The options include Rs. 350 million of 8.3873% three-year debentures and Rs. 49 million of 8.85% debentures due 2022.
The debentures were issued with a face value of Rs. 1 million each in a private placement.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 399 million
|
| Allotment date: | June 29
|
|
|
| Option 1
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| Amount: | Rs. 350 million
|
| Coupon: | 8.3873%
|
| Maturity: | June 15, 2021
|
|
|
| Option 2
|
| Amount: | Rs. 49 million
|
| Coupon: | 8.85%
|
| Maturity: | April 28, 2022
|
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