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28-Mar2018

Indiabulls Housing Finance raises Rs 1500 crore through NCDs

Indiabulls Housing Finance has raised Rs 1500 crore through Non-Convertible Debentures (NCDs). The company has allotted 150,000 Unsecured Redeemable Non-Convertible Subordinated Debt in the nature of Debentures of face value Rs 1 lakh each aggregating to Rs 1500 crore on March 27, 2018.

The said NCDs will be mature on March 27, 2028 and carry a coupon rate of 8.80% per annum (Payable Annually & at Maturity). They will be listed on the National Stock Exchange of India and the BSE.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).


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