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Indiabulls Housing Finance to issue 2.07B rupees of debentures

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Indiabulls Housing Finance to issue 2.07B rupees of debentures

IndiabullsHousing Finance Ltd. raised 2.07 billion rupees through an offeringof secured debentures on a private placement basis.

The company said April 29 that the redeemable nonconvertibledebentures were priced with a coupon of 9.00% per year and will mature April29, 2026.

The allotment date was April 29.

As of May 2, US$1 wasequivalent to 66.39 Indian rupees.