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Indiabulls Housing Finance to raise up to Rs 1,000 cr through public bond issue

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Indiabulls Housing Finance Ltd plans to raise up to Rs 1,000 crore including Rs 900 crore through the issuance of public bond issue.



The Tranche II issue offers several series of NCDs for subscription with coupon rates ranging from 8.33 percent to 9.55 percent per annum.

The issue opens for registration on Monday, September 5 and closes on September 22.

The NCDs under the tranche II issuance have a maturity of 24 months (Series I, II, III), 36 months (Series IV, V, VI) and 60 months (Series VII, VIII).

Effective yield (per year) for the NCD holders in category I (institutional investors) and category II (non-institutional investors) range from 8.64 percent to 9.05 percent and for Category III (Lots of money Individual investors) and Category IV (Retail Individual Investors) holders range from 9.04 percent to 9.54 percent.

Edelweiss Financial Services Limited, AK Capital Services Limited, IIFL Securities Limited and Trust Investment Advisors Private Limited are leading managers in this field.

IDBIA Trusteeship Services Limited is the bond manager of the tranche II issuance.

It is proposed to list the NCDs on BSE Limited and National Stock Exchange of India.

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