Indiabulls Housing Finance, a major player in the housing finance league in India announced that it will be raising Rs 1,000 crore. The amount will be raised by an issue of public bonds that will be opening next week.
Like secured redeemable non-convertible debentures (NCDs), the base issue size of the bonds is Rs 200 crore. This comes along with an option of retaining oversubscription to hit Rs 800 crore. Which will further be aggregating up to Rs 1,000 crore, mentioned in the regulatory filing by the Indiabulls Housing Finance. The date on which the issue opens is December 9 and the date on which it will be closed is December 20. The bonds have been acquired as an AA or stable by Crisil and BWR. Image Source
