Indiabulls Housing Finance raises Rs 1,090 cr through FCCBs
New Delhi: Indiabulls Housing Finance Ltd has raised around Rs 1,090 crore (USD 150 million) by way of issue of foreign currency convertible bonds (FCCBs).
The securities issuance committee of the company approved allotment of secured FCCBs to the tune of USD 150 million that is convertible to equity shares of Rs 2 each, the company said in a regulatory filing. These FCCBs have a coupon rate of 4.5 percent and will mature on 4 March 2026.
The FCCBs are proposed to be listed on Singapore Exchange Securities Trading Ltd. The company said that 4,49,91,756 equity shares will be in the trade off in respect of the FCCBs.