Indiabulls Housing Finance to raise Rs 1,000 crore

NEW DELHI: Indiabulls Housing Finance on Saturday said it will raise up to Rs 1,000 crore through a public issue of bonds that opens next week.

The base issue size of the bonds, in the nature of secured redeemable non-convertibledebentures (NCDs), is of Rs 200 crore with an option to retain over subscription up to Rs 800 crore, aggregating up to Rs1,000 crore,

Indiabulls Housing Finance said in a regulatory filing. The issue opens on December 9 and closes on December 20, the company said. The bonds are rated AA/stable by Crisil and BWR.