By Susanna Moon
Chicago, Aug. 30 – Dewan Housing Finance Corp. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1.5 billion of 9.27% three-year secured redeemable debentures with a greenshoe for up to Rs. 500 million.
The issue will open and close on Sept. 5 and was approved at a shareholder meeting held 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 debentures
|
| Amount: | Rs. 1.5 billion
|
| Greenshoe: | Rs. 500 million
|
| Tenor: | Three years
|
| Coupon: | 9.27%
|
| Allotment date: | Sept. 6
|
| Ratings: | CARE: AAA
|
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