By Sarah Lizee
Olympia, Wash., Sept. 7 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it allotted Rs. 250 million of 8.9% secured redeemable nonconvertible debentures due 2028 on Friday.
The sixth tranche was sold at a face value of Rs. 1 million each through a private placement, according to the notice.
The debentures 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.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 250 million
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| Maturity: | Aug. 4, 2028
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| Tenor: | 3,619 days
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| Coupon: | 8.9%
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| Allotment date: | Sept. 7
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| Distribution: | Private placement
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