By Sarah Lizee
Olympia, Wash., Feb. 11 – Indiabulls Housing Finance Ltd. notified the Bombay Stock Exchange that it intends to issue Rs. 3.3 billion of 9.05% five-year secured redeemable nonconvertible debentures.
The company plans to issue the debentures, with a face value of Rs. 1 million each, in a private placement, according to the notice.
The debentures will be listed on the wholesale debt market segment of the National Stock Exchange of India and BSE Ltd.
The proposed debentures have been rated AAA by Crisil and AAA by CARE Ratings.
The proceeds will be used for business activities of the company.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Housing Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 3.3 billion
|
| Tenor: | Five years
|
| Coupon: | 9.05%
|
| Ratings: | CARE: AAA
|
| Crisil: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
