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Indiabulls Housing Finance raises Rs 1,091 crore via FCCBs
Mar-05-2021

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).

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