Indiabulls Housing Finance (IBHFL) is planning to raise up to Rs 7,000 crore through non-convertible debentures (NCDs). The bond issue committee of the company approved the issue and allotment of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of face value of Rs 1,000 each, to base issue of Rs 3,500 crore with an over-subscription up to Rs 3,500 crore for issuance of additional NCDs aggregating up to Rs 7,000 crore. As per the terms of the issue, the debentures are expected to carry a coupon rate in the range of 8.55-9.15 per cent.
IBHFL is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company serviced more than 8 lakh customers and has cumulatively disbursed loans of over Rs 1 lakh crore as of the last financial year.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
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