Indiabulls Housing Finance has received an approval to raise Rs 315 crore by issuing masala bonds. The bonds are set to mature in February 2021 and have a yield of 7.80%. The bonds will be listed on Singapore Exchange Securities Trading (SGX).
The Bond Issue Committee of the board of directors of the company at its meeting held on February 27, 2018, has approved issue of Rs 315 crore Social Affordable Housing Masala Bonds.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
