Indiabulls Real Estate redeems debentures worth Rs. 300 crore

Indiabulls Real Estate redeems debentures worth Rs. 300 crore
Aug 2017 , by , in Latest News

Realty major Indiabulls Real Estate has redeemed debentures worth Rs. 300 crore ahead of their scheduled redemption in 2018 and 2019, the company said in a regulatory filing.

The company had raised Rs 300 crore through these debentures last year with coupon rate of 11%. The company had issued these 3,000 secured, redeemable, non-convertible debentures of face value Rs. 10 lakh each on a private placement basis. Of these, 2,000 debentures were due on 11 March 2019, while 1,000 debentures were scheduled to be redeemed on 11 September 2018.

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