By Sarah Lizee
Olympia, Wash., Aug. 21 – India’s Dewan Housing Finance Corp. Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 5 billion of 9.24% four-year secured redeemable nonconvertible debentures with a greenshoe for up to Rs. 5 billion.
The issue will open and close on Aug. 27 and was approved under a special resolution passed by shareholders on June 27, according to a 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. 5 billion
|
| Greenshoe: | Rs. 5 billion
|
| Tenor: | Four years
|
| Coupon: | 9.24%, payable semiannually
|
| Allotment date: | Aug. 28
|
| Ratings: | CARE: AAA
|
| BWR: AAA
|
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