Indiabulls Housing Finance raises Rs 1,030 cr by issuing bonds on private placement basis

Indiabulls Housing Finance Ltd on Monday said it has raised Rs 1,030 crore by issuing bonds on a private placement basis

|May 18, 2020, 19:56:55 IST

New Delhi: Indiabulls Housing Finance Ltd on Monday said it has raised Rs 1,030 crore by issuing bonds on a private placement basis.

The company on May 18 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, the company said in a regulatory filing.The coupon rate on the bonds with three years tenor is 9.10 percent per annum (payable annually).Shares of Indiabulls Housing Finance closed 10.87 percent down at Rs 118.85 on BSE.

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Indiabulls Housing Finance raises Rs 1,030 cr by issuing bonds on private placement basis

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Air India to cut Delhi-Toronto flight time by 3 hours, resume non-stop services from August 1

South Korea economy grows faster than expected in Q2 as chip exports power recovery

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range