Stocks

Indiabulls HF eyes ₹1,000 cr via NCD

Our Bureau | | Updated on: Sep 03, 2021

Indiabulls Housing Finance Ltd is planning to raise up to ₹1,000 crore via secured and/or unsecured, redeemableNCDs. The coupon rate for high net-worth individuals and retail investors is 8.42-9.75 per cent, depending on tenor, frequency of interest payment and whether the NCD is secured or unsecured. For institutional investors and non-institutional investors , the coupon rate is 8.05- 9.25 per cent. The base issue size is ₹200 crore, with an option to retain over-subscription up to ₹800 crore. The issue opens on September 6 and closes on September 20. The minimum application amount is ₹10,000.

Published on September 03, 2021
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