By Sarah Lizee
Olympia, Wash., Nov. 29 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it allotted Rs. 2 billion of three-year secured redeemable nonconvertible debentures.
The zero-coupon debentures have an implicit yield of 9¼%.
The debentures have a face value of Rs. 1 million each and will be issued in a private placement.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 2 billion
|
| Maturity: | Dec. 29, 2021
|
| Tenor: | Three years and one month
|
| Coupon: | 0%
|
| Implicit yield: | 9¼%
|
| Allotment date: | Nov. 29
|
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