Indiabulls Housing Finance Ltd. raised 5 billion rupees via an offering of nonconvertible debentures on a private placement basis.

The debentures, which have a tenor of one year and one day, were priced with a coupon of 7.92% per year. They will mature March 21, 2019.

As of March 20, US$1 was equivalent to 65.26 Indian rupees.