Indiabulls Housing Finance to raise money via bonds

Indiabulls Housing Finance to raise money via bonds
10/08/2016 , by , in ALLIED

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.

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