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Indiabulls Housing Finance raises 4.32B rupees via debenture offering

Indiabulls Housing Finance Ltd. raised 4.32 billion Indian rupees via an offering of nonconvertible debentures on a private placement basis.

The company said March 23 that the debentures were issued in two types. The first option worth 3 billion rupees bears an annual coupon of 8.40% and a tenor of 1,187 days. They will mature June 22, 2021.

Debentures issued under the second option worth 1.32 billion rupees bear an annual coupon of 8.4029% and a tenor of 1,112 days. This debenture type will mature April 8, 2021.

As of March 23, US$1 was equivalent to 64.97 Indian rupees.