Indiabulls Housing Finance to raise Rs 565 cr via debentures

Indiabulls Housing Finance on Wednesday said it will raise Rs 565 crore through an issue of debentures on private placement basis, according to a news agency report.

“The company proposes to issue 5,650 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 565 crore (plus greenshoe option), on private placement basis,” it said in a regulatory filing.

The issue opens on May 30 and closes on the same day. Coupon rate of the debentures has been fixed at 9 per cent, said the report.