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Indiabulls Housing Finance Raises Rs 500 Crore Via NCDs

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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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