Indiabulls Housing Finance has allotted its seventh tranche of secured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 600 crore i.e. Rs 500 crore plus Greenshoe option of Rs 100 crore. The bonds with 5 years tenure bear coupon rate of 8.57% per annum to be payable semi-annually.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company has reported 23.79% rise in its net profit at Rs 753.10 crore for the quarter under review as compared to Rs 608.35 crore for the same quarter in the previous year.