Indiabulls Housing Finance has announced a public issue of secured and or unsecured non-convertible debentures (NCDs). Offering coupon rates ranging from 8.05% to 9.75% per annum.
Rated AA with a stable outlook by Crisil Ratings and AA+ with a negative outlook by Brickworks Ratings. The first trance of the issue has a base size of ₹200 crores with the option to retain up to ₹800 crores of subscriptions, aggregating up to ₹1,000 crores.
| Issue Period | 6th September 2021 to 20th September 2021 |
|---|---|
| Minimum Application | 10 NCDs and in multiples of 1 thereafter |
| FV/Issue Price | Rs. 1000 per NCD |
| Series | Frequency of Payment | Type of Insturment | Tenor | Cupon Rate | Effective Yield |
|---|---|---|---|---|---|
| I | Annual | Secured | 24 Months | 8.75% | 8,75% |
| II | Cumulative | Secured | 24 Months | NA | 8.75% |
| III | Monthly | Secured | 24 Months | 8.42 | 8.75% |
| IV | Annual | Secured | 36 Months | 9.00% | 9.00% |
| V | Cumulative | Secured | 36 Months | NA | 9.00% |
| VI | Monthly | Secured | 36 Months | 8.66 | 9.00% |
| VII | Annual | Secured | 60 Months | 9.25% | 9.25 |
| VIII | Monthly | Secured | 60 Months | 8.89% | 9.25% |
| IX | Annual | Unsecured | 87 Months | 9.75 | 9.75 |
| X | Monthly | Unsecured | 87 Months | 9.35 | 9.75 |