Indiabulls Housing accept bids worth $350 million for dollar-denominated social bonds, ET RealEstate
NEW DELHI: The securities issuance and investment committee of Indiabulls Housing Finance has approved the
issuance of USD denominated senior secured social bonds aggregating to $350 million and has approved the pricing, tenure and other terms of the bonds.
The company intends to use the proceeds from this for onward lending. Coupon rate is 9.70 per cent.
The bonds are expected to be listed on the Global Securities Market (GSM) of the India International Exchange (IFSC).
