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Indiabulls Housing Finance raises 30B rupees via debenture offering

Indiabulls Housing Finance Ltd. raised 30 billion Indian rupees via an offering of nonconvertible debentures on a private placement basis.

The 10-year debentures were priced with a coupon rate of 8.43% per year. They will mature Feb. 22, 2028.

As of Feb. 22, US$1 was equivalent to 64.98 Indian rupees.