Indiabulls Housing Finance raises Rs 800 crore via NCDs

Indiabulls Housing Finance on Wednesday said it has raised Rs 800 crore by issuing non convertible debentures (NCDs) on a private placement basis.

"The company has alloted secured, redeemable, non convertible debentures of face value of Rs 10 lakh each aggregating to Rs 800 crore," Indiabulls Housing Finance said in a regulatory filing.

The issue closed on August 16 and the bonds will carry coupon rate of 8.80 per cent (payable annually and at maturity).

Date of maturity of debentures is August 16, 2021.

Shares of the company were trading 0.07 per cent higher at Rs 815 apiece on BSE.