Indiabulls Housing Finance to raise up to Rs 700 cr via NCDs

The issue will open on 23 August and close on the same day and the bonds will carry coupon rate in the range of 8.55 percent to 8.80 percent

PTI August 19, 2016 11:39:26 IST
Indiabulls Housing Finance to raise up to Rs 700 cr via NCDs

New Delhi: Indiabulls Housing Finance plans to raise Rs 700 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

Indiabulls Housing Finance to raise up to Rs 700 cr via NCDs

"The company proposes to issue up to Rs 700 crore secured non-convertible redeemable debentures of face value of Rs 10 lakh each aggregating to up to Rs 700 crore on a private placement basis," Indiabulls Housing Finance said in a regulatory filing.

The issue will open on 23 August and close on the same day and the bonds will carry coupon rate in the range of 8.55 percent to 8.80 percent (payable annually and at maturity).

Earlier this week, Indiabulls Housing Finance raised Rs 800 crore by issuing non convertible debentures (NCDs) on a private placement basis.

Shares of the company were trading 0.44 per cent higher at Rs 807.25 apiece on BSE.

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