Indiabulls Housing Fin to raise up to Rs 1,000 cr via NCD issue next week

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Indiabulls Housing Finance on Friday said it is targeting to raise up to Rs 1,000 crore through public non-convertible debenture (NCD) issue next week, the first such offering in three years. The city-headquartered company, which had a difficult time following the IL&FS crisis in the non-banking financial company (NBFC) sector, is planning to raise money from both secure and unsecured debt, and the base issue size is Rs 200 crore with an option to retain another Rs 800 crore of subscriptions. The public issue is of secured/and or unsecured, redeemable, non-convertible debentures of face value of Rs 1,000 each, Indiabulls Housing said in a statement.

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