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Indiabulls Housing Finance raises 15B rupees via debenture offering

Indiabulls Housing Finance Ltd. raised 15 billion Indian rupees via an offering of nonconvertible debentures on a private placement basis.

The 10-year debentures were priced with a coupon of 8.80% per year. They will mature March 27, 2028.

As of March 27, US$1 was equivalent to 64.88 Indian rupees.