By Susanna Moon
Chicago, Aug. 17 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 3.4 billion of debentures with greenshoes for another Rs. 2.85 billion in a private placement.
The company is planning to sell Rs. 1.4 billion of 8.85% secured redeemable debentures with tenors of 1,044 days, 1,065 days, 1,078 days, 1,079 days and five years and an over-allotment option for Rs. 100 million, according to a notice.
The issuer is also planning Rs. 2 billion of 10¾% unsecured subordinated perpetual debentures with an over-allotment option for Rs. 2.75 billion.
The issue was approved under the special resolution passed by shareholders on July 23, 2015.
Dewan Housing is based in Gurgaon, India.
8.85% notes
| Issuer: | Dewan Housing Finance Corp. Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 1.4 billion
|
| Greenshoe: | Rs. 100 million
|
| Tenors: | 1,044 days, 1,065 days, 1,078 days, 1,079 days and five years
|
| Coupon: | 8.85%
|
| Settlement date: | Aug. 22
|
| Ratings: | CARE: AAA
|
| Brickwork: AAA
|
|
|
| 10¾% notes
|
| Issuer: | Dewan Housing Finance Corp. Ltd.
|
| Issue: | Unsecured subordinated debentures
|
| Amount: | Rs. 2 billion
|
| Greenshoe: | Rs. 2.75 billion
|
| Maturity: | Perpetual
|
| Coupon: | 10¾%
|
| Settlement date: | Aug. 23
|
| Ratings: | CARE: AA
|
| Brickwork: AA+
|
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