Indiabulls Housing Finance to issue dollar bonds, bankers say

Sammaan Capital

19/03/2024 11:09

MUMBAI, March 19 (Reuters) - Indiabulls Housing Finance
 INBF.NS  plans to raise funds through the sale of
dollar-denominated bonds maturing in three years and three
months, two merchant bankers said on Tuesday.
    The non-banking financial company may look to raise around
$300 million to $500 million via this bond issue, the bankers
added.
    It has appointed Barclays, CLSA, Deutsche Bank, Elara
Capital, Emirates NBD Capital, Nuvama and UBS as joint
bookrunners for the proposed issue.
    The proceeds will be used for activities such as onward
lending, the bankers said.

 (Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
 ((dharamraj.dhutia@tr.com))