By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and issued Rs. 5 billion of 9.85% unsecured nonconvertible subordinated perpetual debentures.
The 5,000 debentures, with a face value of Rs. 1 million each, will be issued on a private placement basis.
The bonds will be listed on the National Stock Exchange of India Ltd.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
|
| Issue: | Unsecured nonconvertible subordinated perpetual debentures
|
| Amount: | Rs. 5 billion
|
| Coupon: | 9.85%
|
| Maturity: | Perpetual
|
| Ratings: | CARE: AA
|
| Brickwork: AA+
|
| Allotment date: | Aug. 3
|
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