By Sarah Lizee
Olympia, Wash., Oct. 17 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 2 billion of 7.55% secured redeemable nonconvertible debentures with a greenshoe of up to Rs. 3 billion in a private placement.
The issue will open Oct. 24 and close the same day and was approved at a shareholder meeting held July 21, according to the company notice.
The bonds will be listed on BSE Ltd.
Dewan Housing is based in Gurgaon, India.
| Issuer: | Dewan Housing Finance Corp. Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 2 billion
|
| Greenshoe: | Rs. 3 billion
|
| Tenor: | 533 days
|
| Coupon: | 7.55%
|
| Allotment date: | Oct. 24
|
| Rating: | CARE: AAA
|
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