Indiabulls Housing Finance raises Rs 1,030 cr by issuing bonds on private placement basis
Indiabulls Housing Finance Ltd on Monday said it has raised Rs 1,030 crore by issuing bonds on a private placement basis
New Delhi: Indiabulls Housing Finance Ltd on Monday said it has raised Rs 1,030 crore by issuing bonds on a private placement basis.
Indiabulls Housing allots redeemable NCDs of Rs 1,030 cr on a private placement basis. Company says NCDs have been subscribed by four large Indian public sector banks pic.twitter.com/KEHWyKwfn1
— CNBC-TV18 (@CNBCTV18Live) May 18, 2020
The company on May 18 allotted 10,300 secured, redeemable, non-convertible debentures of face value Rs 10 lakh each, aggregating to Rs 1,030 crore, on a private placement basis, the company said in a regulatory filing.
The coupon rate on the bonds with three years tenor is 9.10 percent per annum (payable annually).
Shares of Indiabulls Housing Finance closed 10.87 percent down at Rs 118.85 on BSE.