Indiabulls Housing Finance plans to issue NCDs aggregating up to Rs 700 cr

On private placement basis

Indiabulls Housing Finance announced that the Company proposes to issue upto 7,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to upto Rs.700 crore (Plus Greenshoe Option, if any), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on 07 September 2015, on the terms and conditions as mentioned below:

1. Issue Size: Rs. 700 crore (Plus Greenshoe Option, if any)

2. Mode of Issue: Private Placement

3. Issue Opening Date: 23 August 2016

4. Issue Closing Date: 23 August 2016

5. Deemed Date of Allotment: 23 August 2016

6. Listing: National Stock Exchange of India (NSE) and BSE

7. Tenor: 5 Years

8. Coupon: In the range of 8.55% to 8.80% p.a. (Payable Annually and at Maturity)

9. Secured / Unsecured: Secured

10. Rating of the Instrument: "CARE AAA" by CARE Ratings and "BWR AAA" by Brickwork Rating

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