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Reliance Home Finance to issue 10B rupees debentures

Reliance Capital Ltd. said unit Reliance Home Finance will issue its first secured and unsecured nonconvertible debentures worth 10 billion rupees Dec. 22.

The secured debentures will have tenors of 3, 5 and 10 years with coupon rates from 8.7% to 9.15%, per a Dec. 20 stock exchange filing. The unsecured debentures will have a 15-year tenor with coupon rates between 9.25% and 9.4% and a call option after ten years.

As of Dec. 20, US$1 was equivalent to 68.04 Indian rupees.