Indiabulls Housing Finance Ltd. issued 9.2 billion Indian rupees of secured redeemable nonconvertible debentures on a private placement basis in three tranches.

The company said March 21 that it issued 6 billion rupees of five-year bonds priced with a coupon of 8.75% per year.

It also issued 1.6 billion rupees of five-year debentures priced with a coupon of 8.75% per year, according to a separate March 22 filing with the BSE.

In addition, Indiabulls Housing Finance issued 1.6 billion rupees of zero-coupon debentures with a tenor of 1,166 days.

As of March 24, US$1 was equivalent to 65.39 Indian rupees.