Indiabulls Housing Finance to raise Rs 300 crore

By: | Published: June 25, 2016 3:26 PM

Indiabulls Housing Finance today said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.

The non-convertible redeemable debentures have a 10-year tenure with a 9.30 per cent per annum coupon rate and are proposed to be listed on the NSE and BSE. (Reuters)The non-convertible redeemable debentures have a 10-year tenure with a 9.30 per cent per annum coupon rate and are proposed to be listed on the NSE and BSE. (Reuters)

Indiabulls Housing Finance today said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.

“The company proposes to issue 30,000 unsecured non- convertible redeemable debentures (Tier-II) in the nature of subordinated debt with a face value of Rs 1 lakh each aggregating to Rs 300 crore (plus greenshoe option) on a private placement basis,” the company said in a BSE filing.

The issue will open on June 29, and close on the same day.

The non-convertible redeemable debentures have a 10-year tenure with a 9.30 per cent per annum coupon rate and are proposed to be listed on the NSE and BSE.

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