Indiabulls Housing Finance has planned to raise up to Rs 1,000 crore through a public issue of bonds that opens this week.
The base issue size of the bonds, in the nature of secured redeemable non-convertible debentures (NCDs), is of Rs 200 crore with an option to retain oversubscription up to Rs 800 crore, aggregating up to Rs 1,000 crore.
The issue opens on December 9 and closes on December 20. The bonds are rated AA/stable by Crisil and BWR.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).