Business Companies 09 Aug 2016 Indiabulls Housing F ...

Indiabulls Housing Finance to raise Rs 400 cr via bonds

PTI
Published Aug 9, 2016, 9:20 pm IST
Updated Aug 9, 2016, 9:21 pm IST
Issue opens on August 11 and will close on the same day.
The tenor of the issue is to 18 months, 2/3 and 5 years.
 The tenor of the issue is to 18 months, 2/3 and 5 years.

New Delhi: Indiabulls Housing Finance Ltd will raise Rs 400 crore by issuing debentures on a private placement basis. 

"The company proposes to issue 4,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 400 crore (plus greenshoe option), on private placement basis," it said in a regulatory filing.

 

The issue opens on August 11 and will close on the same day. The bonds will carry coupon rate of 8.7 to 8.80% (payable annually and at maturity).

The tenor of the issue is to 18 months, 2/3 and 5 years. Stock of the company closed 0.54% lower at Rs 805.85 on BSE.

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Location: India, Delhi, New Delhi




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