Indiabulls Housing Finance Ltd has raised Rs 500 crore through issuing debentures on a private placement basis.

Indiabulls Housing Finance Ltd has said in a BS filing that “The company has allotted its first tranche of secured redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 500 crore.”

The bonds are going to carry coupon rate of 8.30 percent (payable annually and at maturity) and the maturity date is November 23, 2018.

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