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Indiabulls Housing Finance raises Rs 2,000 cr via bonds

Company plans to collect Rs 10,000-cr capital

Press Trust of India  |  New Delhi 

fund raising

Finance on Friday said it has raised Rs 2,000 crore by issuing on a private placement basis.

"The company has today (Friday) allotted its sixth tranche of secured, redeemable, non-convertible of face value of Rs 2,000 crore," the company said in a regulatory filing.

This is part of the company's Rs 10,000 crore capital raise plan that was announced in June this year.

The securities were allotted with two options-- Rs 500 crore with two years maturity at a coupon rate of 7.45 per cent per annum and Rs 1,500 crore with three years tenure offering an interest of 7.55 per cent per annum.

First Published: Fri, September 22 2017. 22:45 IST