Indiabulls Housing Finance raises Rs 500 crore via NCDs on private placement basis

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

PTI| Last Updated: Nov 26, 2016, 18:22 PM IST
Indiabulls Housing Finance raises Rs 500 crore via NCDs on private placement basis

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 BSE filing today.

The bonds will carry 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 2 years.