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Indiabulls Housing Finance raises Rs 500 cr via NCDs

Press Trust of India  |  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 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 16:28 IST