Through sale of non-convertible debentures (NCDs), India Infoline Housing Finance (IIHFL) is to raise Rs 500 crore, the company said on December 11. The NCDs matures in five years and offers a yield of 12.15 per cent per annum. The bond issue, which includes Rs 250 crore of greenshoe option, will open for subscription on December 12 and close on December 20.
IIHFL, the housing finance company, said in a release that the bond, with a face value of Rs 1,000 each, will offer a coupon of 11.52 per cent per annum payable every month, it said.
The bonds, to be listed on BSE and NSE, will not carry any put or call option, the company said.
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