Indiabulls Housing Finance raises $165 mn by selling convertible bonds

21 Sep 2021 CW Team

Indiabulls Housing Finance raised $165 million from overseas investors by selling five-year convertible bonds.

The proceeds will most likely be used for further lending when the home financier returns home. The debt papers most likely offered a 4.5% interest rate.

The bonds are expected to be listed on the Singapore Stock Exchange as high-yield securities with a credit rating below investment grade.

On 21st September 2021, a meeting of the Securities Issuance Committee of the Company's board of directors will be held to consider and approve, among other things, the issue price and other terms of the FCCBs, on Thursday the company said in a separate exchange filing.

By the end of this fiscal year, Indiabulls Housing Finance aims to disburse Rs 2,000 crore in home loans per month. It currently disburses approximately Rs 800 crore per month.

Co-lending partnerships have also been a priority for the company. Punjab & Sind Bank (PSB), a state-owned bank, recently announced a strategic co-lending alliance for MSME and priority sector home loans with Indiabulls Commercial Credit and Indiabulls Housing Finance (IHFL).

Housing Development Corporation of India (HDFC Ltd) and Indiabulls Housing had formed a similar alliance at the start of the fiscal year.

Earlier this month, the housing finance company began selling local bonds in a public offering. It is still open for subscription, with the borrower currently receiving about Rs 591 crore.

During the April-June quarter, Indiabulls Housing Finance's consolidated net profit increased by 3.2% to Rs 282 crore.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

Real Estate

13 Feb 2026

Reliance MET City Launches Metropolis Project In Haryana

Reliance MET City (RMC) has launched Metropolis, an integrated mixed-use project in Haryana that is expected to redefine the regional urban landscape. RMC said the development will combine residential, commercial and leisure components to meet rising demand for organised urban spaces. The project has been positioned to benefit from existing and planned transport links and municipal infrastructure, and aligns with regional plans for sustainable urbanisation. Company representatives framed the initiative as part of a broader expansion strategy in northern India. The Metropolis project will inco..

Radiance Renewables Raises 100 Million Dollars for Expansion

Eversource-backed Radiance Renewables has secured 100 million dollars (100 mn dollars) in funding from Impact Fund Denmark and FMO to support its expansion. The investment will bolster the company's capital base and enable acceleration of project development and deployment. Radiance Renewables is positioning itself to scale its renewable energy portfolio and strengthen operational capabilities. The funding round reflects growing investor appetite for climate-focused infrastructure. Impact Fund Denmark and FMO are established impact investors that channel capital into sustainable energy projec..

Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region. Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customer..