Indiabulls Housing Finance has opened the public issue of bonds to raise debt capital of up to Rs 800 crore. The public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each, is the tranche III for the non-banking finance company, which closes on October 28, 2022.
The base issue size is of Rs 100 crore with option to retain over subscription up to Rs 700 crore. The bonds carry coupon rates ranging from 8.33-9.55 per cent per annum, and the tenure is of 24 months and 36 months belonging to various series. The NCDs are proposed to be listed on BSE and NSE.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
