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Indiabulls Housing Finance Raises Rs 485 crore via NCDs

A sum of Rs 350 crore has been raised at a coupon rate of 8.57 per cent per annum and a maturity of five years, while another Rs 135 crore has been raised at 8.10 per cent with maturity of one year.

PTI

Updated:March 30, 2017, 10:36 PM IST
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Indiabulls Housing Finance Raises Rs 485 crore via NCDs
Indiabulls logo. (Picture courtesy: Twitter)
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New Delhi: Indiabulls Housing Finance has raised Rs 485 crore through issue of non-convertible debentures on private placement basis.

The company had in November last year announced its plan to raise up to Rs 6,000 crore through issue of secured, redeemable and non-convertible debentures (NCDs) on a private placement basis.

The company said that it has today allotted its 12th and 13th tranche of NCDs of face value Rs 10 lakh each aggregating to Rs 485 crore.

A sum of Rs 350 crore has been raised at a coupon rate of 8.57 per cent per annum and a maturity of five years, while another Rs 135 crore has been raised at 8.10 per cent with maturity of one year.

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