HomeBusinessIndiabulls Housing Finance secures Rs 1,030 crore through issuance of bonds
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Indiabulls Housing Finance secures Rs 1,030 crore through issuance of bonds

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Indiabulls Housing Finance Ltd has raised Rs 1,030 crore through issuance of bonds on a private placement basis.

In a filing with the stock exchange, Indiabulls Housing Finance said, “The company on May 18 has allotted 10,300 secured, redeemable, non-convertible debentures of face value Rs 10 lakh each, aggregating to Rs 1,030 crore, on a private placement basis.”

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“The coupon rate on the bonds with three years tenor is 9.10 percent per annum,” the company added.

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.
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