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India’s Indiabulls redeems seven series of nonconvertible debentures
By Sarah Lizee
Olympia, Wash., Jan. 8 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it redeemed seven series of secured redeemable nonconvertible debentures.
The company redeemed Rs. 150 million of 7.85% debentures due June 17, 2019, Rs. 250 million of 8.55% debentures due March 2, 2020, Rs. 2.1 billion of 8.78% debentures due Aug. 22, 2019, Rs. 500 million of 9% debentures due Feb. 22, 2019 with ISIN INE148I07DX5, Rs. 500 million of 9% debentures due Feb. 22, 2019 with ISIN INE148I07DY3, Rs. 1.5 billion of 7 7/8% debentures due March 19, 2019 and Rs. 2.25 billion of 8.37% debentures due March 25, 2019.
Following the redemptions, Rs. 750 million of the 7.85% debentures, Rs. 26.45 billion of the 8.78% debentures and Rs. 1 billion of the 7 7/8% debentures remain outstanding, according to a notice.
Indiabulls is a Mumbai-based real estate company.
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