By Sarah Lizee
Olympia, Wash., Jan. 3 – Indiabulls Housing Finance Ltd. allotted Rs. 2.5 billion of 9.2244% secured nonconvertible redeemable debentures due June 11, 2020, according to a trust deed.
The debentures have a face value of Rs. 1 million each and were issued on Dec. 11 by way of private placement.
The debentures are rated AAA by Crisil and AAA by CARE and will be listed on the wholesale debt segments of the National Stock Exchange of India Ltd. and BSE Ltd.
The board of directors of the company approved the issue at its meeting held on Oct. 15.
Indiabulls is a Mumbai, India-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 2.5 billion
|
| Maturity: | June 11, 2020
|
| Tenor: | 18 months
|
| Coupon: | 9.2244%
|
| Allotment date: | Dec. 11
|
| Ratings: | Crisil: AAA
|
| CARE: AAA
|
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