Indiabulls Housing Finance Ltd has raised Rs 500 crore by issuing debentures on a private placement basis.
“The company has allotted its first tranche of secured redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 500 crore,” Indiabulls Housing Finance Ltd said in a BSE filing.
The bonds will carry a coupon rate of 8.30 per cent (payable annually and at maturity) and the maturity date is November 23, 2018.
Tenor of the issue is two years.