Indiabulls Housing Finance to raise money via bonds
Indiabulls Housing Finance Ltd. will raise Rs 400 crore by issuing debentures on a private placement basis.
“The company proposes to issue 4000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 400 crore (Plus greenshoe option), on private pl
Indiabulls Housing Finance Ltd. will raise Rs 400 crore by issuing debentures on a private placement basis.
“The company proposes to issue 4000 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 statement.
The bonds will carry coupon rate of 8.7 to 8.80 per cent.