Indiabulls Housing Finance has raised Rs 207 crore by issuing secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, on a private placement basis. The debentures with tenure of 10 years, carry coupon rate of 9 percent.
Indiabulls Housing Finance (IBHFL) is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).