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5-day change | 1st Jan Change | ||
| 170.7 INR | +0.15% |
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+3.55% | -21.25% |
MUMBAI (Reuters) - Indiabulls Housing Finance has accepted bids worth $350 million for dollar-denominated social bonds maturing in three years and three months, two merchant bankers said on Wednesday.
The non-banking finance company will pay a coupon of 9.70% to investors, lower than the initial guidance of 9.95%, the bankers said.
Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint bookrunners for the issue.
The bonds will be rated B by S&P and the proceeds will be used for activities such as onward lending, the bankers said.
(Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)
| 1st Jan change | Capi. | |
|---|---|---|
| -21.25% | 1.46B | |
| -8.14% | 49.88B | |
| -5.25% | 30.53B | |
| +63.88% | 29.08B | |
| +20.03% | 23.38B | |
| +16.97% | 17.94B | |
| -6.99% | 11.81B | |
| +21.92% | 11.27B | |
| -20.90% | 8.31B | |
| +14.34% | 8.13B |
INDIABULLS HOUSING FINANCE LIMITED 
