Indiabulls Housing Finance proposes to issue NCDs aggregating Rs 100 cr

On private placement basis

Indiabulls Housing Finance announced that the Company proposes to issue upto 1,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to upto Rs.100 crore (Plus Greenshoe Option, if any), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on 07 September 2015, on the terms and conditions as mentioned below:

1. Issue Size: Rs. 100 crore (Plus Greenshoe Option, if any)

2. Mode of Issue: Private Placement

3. Issue Opening Date: 2 September, 2016

4. Issue Closing Date: 2 September, 2016

 

5. Deemed Date of Allotment: 2 September, 2016

6. Listing: National Stock Exchange of India (NSE) and BSE.

Tenor: 2 to 5 Years

8. Coupon: 8.55% p.a. (Payable Annually and at Maturity)

9. Secured / Unsecured: Secured

10. Rating of the Instrument: "CARE AAA" by CARE Ratings and "BWR AAA" by Brickwork Rating

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