Indiabulls Housing Finance raises Rs 1,091 crore via FCCBs

05 Mar 2021 Evaluate

Indiabulls Housing Finance has raised Rs 1,091 crore via allotment of secured Foreign Currency Convertible Bonds (FCCBs), convertible into equity share of Rs 2 each. The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5 percent. The bonds are proposed to be listed on Singapore Exchange Securities Trading. With this issuance, the company has one of the most diversified sources of funding among Indian corporates.

Indiabulls Houasing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

Sammaan Capital Share Price

149.90 0.40 (0.27%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 584.90
Housing & Urban Dev. 232.35
Bajaj Housing Financ 126.95
Sammaan Capital 149.90
PNB Housing Finance 846.65
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