Indiabulls Housing Finance today said it plans to raise up to Rs 100 crore through issuance of non-convertible debentures (NCDs).
“The company proposed to issue up to 1,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating up to Rs 100 crore (plus greenshoe option, if any) on a private placement basis,” Indiabulls Housing Finance said in a regulatory filing.
Indiabulls Housing Finance said the issue will open on September 2 and close on the same date. Tenor of the bonds will be 2-5 years.
The bonds would carry a coupon rate of 8.55 per cent per annum.
Last week, Indiabulls Housing Finance had said it has raised over Rs 7,000 crore since July 1 through issuance of NCDs.
Shares of Indiabulls Housing Finance were trading down by 0.23 per cent at Rs 828.50 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.