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Dewan Housing Finance to issue 5B rupees of debentures

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Dewan Housing Finance to issue 5B rupees of debentures

Dewan Housing Finance Corp. Ltd. plans to issue nonconvertible debentures amounting to 5 billion Indian rupees, including a greenshoe option of up to 2.5 billion rupees, on a private placement basis.

The 653-day debentures were priced with a coupon of 8.40% per year.

The issue will open and close on March 14. The debentures will be listed on the BSE.

As of March 9, US$1 was equivalent to 65.00 Indian rupees.