Indiabulls Housing Finance has allotted its seventh tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 3,000 crore, on February 22, 2018.
The NCDs will mature on February 22, 2028. The NCDs will carry a coupon rate of 8.43% per annum (p.a.) and it will be listed on the National Stock Exchange of India and the Bombay Stock Exchange.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
