 "'Freak trade': Investors push up yields of Indiabulls Housing bonds to 43%")
Investors on Thursday pushed up the yields of a few Indiabulls Housing Finance (IHFL) bonds to as much as 43 per cent, which a senior executive of the company termed as ‘freak trades’.
Late on Thursday evening, the company notified exchanges that it offered to buy back all its bonds maturing in November and December at par. “The company will also evaluate further premature redemption of its non-convertible debentures from time to time,” IHFL said in its filing.
This would take care of Rs 1,000-core of bonds outstanding. According to sources, the company may also consider an additional Rs 2,500 crore of
