Indiabulls Housing Finance raises Rs 1100 cr via bonds

Indiabulls Housing Finance raises Rs 1100 cr via bonds

16/06/2017 15:35

Indiabulls Housing Finance said that it has raised Rs 1100 crore by issuing Non-Convertible Debentures on a private placement basis.

“Indiabulls Housing Finance has allotted its second tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each (‘NCDs’) aggregating to Rs 1100 crore on a private placement basis,” the company said in a filing to the Bombay Stock Exchange.

The coupon/interest offered will be 7.85 per cent per annum payable annually and at maturity.

The debentures have tenure of 731 days and the date of maturity is 17th June 2019.

Meanwhile, shares of the company closed trading at Rs 1129.60 apiece, down 1.78 per cent from the previous close on BSE.

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