Indiabulls Housing Finance has allotted its eleventh tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 500 crore.
The company has allotted the NCDs on March 20, 2018 and will mature on March 21, 2019. The NCDs will carry a coupon rate of 7.92% per annum (p.a.) and it will be listed on the National Stock Exchange of India and the BSE.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
