IndiabullsHousing Finance Ltd. raised 3.35 billion rupees via a dual-trancheissuance of secured nonconvertible debentures.

The company said July 18 that the first tranche comprised of1.35 billion rupees of nonconvertible debentures, which were priced with acoupon of 8.90% per year. The debentures will mature March 16, 2018.

The second tranche of 2 billion rupees worth of debentureswas priced with a coupon of 8.95% per year. The debentures will mature July 18,2018.

As of July 19, US$1was equivalent to 67.20 Indian rupees.