Dewan Housing Finance to raise Rs 200cr through pvt placement

Dewan Housing Finance Corporation today said it will raise Rs 200 crore by issuing bonds on private placement basis.
The company proposes to issue 2000 secured non-convertible debentures (NCDs) with a face value of Rs 10 lakh each aggregating to Rs 200 crore on private placement basis, it said in a BSE filing.
The issue will open on April 12 and closes on April 25. The NCDs will bear coupon rate of 9 per cent.
In a separate filing, Indiabulls Housing Finance said it will raise Rs 37 crore on private placement basis by issuing non-convertible redeemable debentures.