India New Issue-Indiabulls Housing Finance to raise funds via public issue

Sammaan Capital

29/11/2022 04:12

MUMBAI, Nov 29 (Reuters) - Indiabulls Housing Finance
 INBF.NS  plans to raise at least 1 billion Indian rupees ($12.3
million) through the public issue of non-convertible debentures,
according to a term sheet.
    The housing financier's public issue will open for
subscription on Thursday and will close on Dec. 22. The issue
also has a greenshoe option to retain an additional 9 billion
rupees.
    The company is offering bonds maturing in two years, three
years and five years at an annual coupon in the range of 8.90%
to 9.30% for institutional investors.
    A.K. Capital Services is the lead manager for the bond
issue, which is rated AA by CRISIL.
 
 ($1 = 81.5650 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
 ((bhakti.tambe@tr.com))