Indiabulls Housing Finance To Raise Rs 300 Crore Via NCDs

Indiabulls Housing Finance To Raise Rs 300 Crore Via NCDs
New Delhi: Indiabulls Housing Finance on Saturday said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.

“The company proposes to issue 30,000 unsecured non-convertible redeemable debentures (Tier-II) in the nature of subordinated debt with a face value of Rs 1 lakh each aggregating to Rs 300 crore (plus greenshoe option) on a private placement basis,” the company said in a BSE filing.

The issue will open on June 29, and close on the same day.
The non-convertible redeemable debentures have a 10-year tenure with a 9.30 per cent per annum coupon rate and are proposed to be listed on the NSE and BSE.

(This story has not be

en edited by NDTV staff and is auto-generated from a syndicated feed.)

Story first published on: June 25, 2016 15:16 (IST)
Indiabulls Housing Finance To Raise Rs 300 Crore Via NCDs
New Delhi: Indiabulls Housing Finance on Saturday said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.

“The company proposes to issue 30,000 unsecured non-convertible redeemable debentures (Tier-II) in the nature of subordinated debt with a face value of Rs 1 lakh each aggregating to Rs 300 crore (plus greenshoe option) on a private placement basis,” the company said in a BSE filing.

The issue will open on June 29, and close on the same day.
The non-convertible redeemable debentures have a 10-year tenure with a 9.30 per cent per annum coupon rate and are proposed to be listed on the NSE and BSE.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Story first published on: June 25, 2016 15:16 (IST)
[“source-ndtv”]