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| Exchange Disseminated Time 19/08/2016 08:09:33 | Indiabulls Housing Finance Ltd has informed BSE that the Company proposes to issue upto 7,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to upto Rs.700 Crores (Plus Greenshoe Option, if any), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on September 7, 2015, on the terms and conditions as mentioned below:
1. Issue Size: Rs. 700 Crores (Plus Greenshoe Option, if any)
2. Mode of Issue: Private Placement
3. Issue Opening Date: 23rd August 2016
4. Issue Closing Date: 23rd August 2016
5. Deemed Date of Allotment: 23rd August 2016
6. Listing: National Stock Exchange of India Limited (NSE) and BSE Limited (BSE)
7. Tenor: 5 Years
8. Coupon: In the range of 8.55% to 8.80% p.a. (Payable Annually and at Maturity)
9. Secured / Unsecured: Secured
10. Rating of the Instrument: "CARE AAA" by CARE Ratings and "BWR AAA" by Brickwork Rating |
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