Indiabulls Housing Finance has raised Rs 2,000 crore by issuing bonds on a private placement basis. This is part of the company’s Rs 10,000 crore capital raise plan that was announced in June this year.
The securities were allotted with two options -- Rs 500 crore with two years maturity at a coupon rate of 7.45 per cent per annum and Rs 1,500 crore with three years tenure offering an interest of 7.55 per cent per annum.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
