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Indiabulls Housing Finance raises Rs 1,000 crore through bonds

11 Sep 2017 Evaluate

Indiabulls Housing Finance has raised Rs 1,000 crore by issuing bonds on a private placement basis. The company has allotted 100,000 unsecured redeemable non-convertible subordinated debentures of face value of Rs 1 lakh each aggregating to Rs 1,000 crore.

The bonds were issued in two tranches of Rs 100 crore and Rs 900 crore, in which the former has a tenor of 7 years and the latter 10 years. The bonds will yield a coupon rate of 8.35% per annum.

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


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