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Published on 9/28/2018 in the Prospect News Emerging Markets Daily.

New Issue: India’s Ashiana allots Rs. 187.4 million of 8% 20-year debentures

By Sarah Lizee

Olympia, Wash., Sept. 28 – Ashiana Housing Ltd. informed the Bombay Stock Exchange that its executive committee of directors allotted Rs. 187.4 million of 8% 20-year unsecured redeemable nonconvertible debentures.

The debt will be listed on the BSE Ltd.

Ashiana is a New Delhi-based real estate development company.

Issuer:Ashiana Housing Ltd.
Issue:Unsecured redeemable rated listed nonconvertible debentures
Amount:Rs. 187.4 million
Tenor:20 years
Coupon:8%
Allotment date:Sept. 28

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