The issue opens on December 9 and closes on December 20, 2021 with an option of early closure.
The secured, redeemable, non-convertible debentures (NCDs) have a face value of Rs 1,000 each.
“Net proceeds of the issue will be utilized for the purpose of onward lending, financing, and for repayment of principal and interest of existing borrowings of the company (at least 75 per cent) – and the rest (up to 25 per cent) for general corporate purposes,” Indiabulls Housing Finance said in the filing.
The NCDs are proposed to be listed on the stock exchanges, with BSE as the designated exchange for the issue.
The bonds have been rated ‘AA/stable’ by Crisil Ratings and AA+ by Brickworks Ratings.
The bonds have tenures of 24, 36 and 60 months, with yields in the range of 8.35 per cent to up to 9.26 per cent, depending upon the category.
Stock of Indiabulls Housing closed at Rs 250.70 apiece on BSE, up 1.48 per cent from the previous close.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.