Indiabulls Housing raises Rs 800 crore via NCDs

Indiabulls Housing Finance has raised Rs 800 crore by issuing non convertible debentures (NCDs) on a private placement basis. The issue closed on August 16 and the bonds will carry coupon rate of 8.80 per cent (payable annually and at maturity). Date of maturity of debentures is August 16, 2021.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).