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Indiabulls Consumer Finance, a wholly-owned subsidiary of Indiabulls Ventures, plans to raise up to ₹3,000 crore through a bond issue. The company will make a public issue of secured NCDs with a base issue size of ₹250 crore and an option to retain oversubscription of another ₹2,750 crore. The issue will have maturity options of 26 months, 38 months and 60 months with coupon rate of up to 11 per cent per annum.
The minimum investment is ₹10,000. The NCD is proposed to be listed on the BSE and the NSE. Indiabulls Consumer Finance is a non-deposit-taking NBFC. The proposed issue is rated AA+ by Brickwork Ratings and AA Stable by CARE.
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