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Indiabulls Housing Finance raises Rs 1100 crore through bonds

16 Jun 2017 Evaluate

Indiabulls Housing Finance has allotted its second tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each ('NCDs') aggregating to Rs 1100 crore on a private placement basis. The tenor of the issue is 731 years, with date of allotment on June 16, 2017, while date of maturity is June 17, 2019. The coupon/interest offered will be 7.85% per annum payable annually and at maturity .

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

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