Indiabulls Housing Finance Raises Rs 500 Crore Via NCDs

Indiabulls Housing Finance Raises Rs 500 Crore Via NCDs

The company said it allotted its first tranche of secured redeemable, NCDs of face value Rs 10 lakh each.

New Delhi: Indiabulls Housing Finance Ltd has raised Rs 500 crore by issuing debentures on a private placement basis.

"The company has allotted its first tranche of secured redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 500 crore," Indiabulls Housing Finance Ltd said in a filing to the BSE on Saturday.

The bonds will carry a coupon rate of 8.30 per cent (payable annually and at maturity) and the maturity date is November 23, 2018.

The tenor of the issue is two years. 
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