Indiabulls Housing Finance accepts bids for dollar bonds, bankers say

Sammaan Capital

27/03/2024 02:46

MUMBAI, March 27 (Reuters) - Indiabulls Housing Finance
 INBF.NS  has accepted bids worth $350 million for
dollar-denominated social bonds maturing in three years and
three months, two merchant bankers said on Wednesday.
    The non-banking finance company will pay a coupon of 9.70%
to investors, lower than the initial guidance of 9.95%, the
bankers said.
    Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD
Capital, Nuvama and UBS are the joint bookrunners for the issue.
    The bonds will be rated B by S&P and the proceeds will be
used for activities such as onward lending, the bankers said.
 

 (Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)
 ((bhakti.tambe@tr.com))