indiabull-NCD-elite-wealth
  • By Elite Wealth
  • / August 30, 2022
  • / whatsnew

Indiabulls Housing Finance Limited NCD Details

Tranche II Issue opens Monday, September 05, 2022
Tranche II Issue closes Thursday, September 22, 2022
Allotment First Come First Serve Basis
Face Value Rs.1,000 per NCD
Issue Price Rs.1,000 per NCD
Nature of Instrument Secured Redeemable Non-Convertible Debentures
Minimum 10 NCDs (Rs.10, 000) & in multiple of 1NCD
Listing: BSE and NSE
Rating: “CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook), by CRISIL Ratings Limited and “[ICRA]AA (Stable)” (pronounced as ICRA double A rating with a stable outlook), by ICRA

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    Specific Terms of the Prospectus:

    The terms of the NCDs offered pursuant to the Issue are as follows:

    Series I II III IV* V VI VII VIII
    Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Monthly
    Tenor 24  Months 24  Months 24  Months 36  Months 36  Months 36  Months 60  Months 60  Months
    Coupon (% per annum) for NCD  Holders in Category I & II 8.65% NA 8.33% 8.80% NA 8.47% 9.05% 8.70%
    Coupon (% per annum) for NCD  Holders in Category III & IV 9.05% NA 8.70% 9.30% NA 8.94% 9.55% 9.15%
    Effective Yield (per annum) for NCD Holders in Category I & II 8.64% 8.65% 8.65% 8.79% 8.80% 8.79% 9.04% 9.05%
    Effective Yield (per annum) for NCD Holders in Category III & IV 9.04% 9.05% 9.05% 9.29% 9.30% 9.31% 9.54% 9.54%
    Amount (₹ / NCD) on Maturity for  NCD Holders in Category I & II ₹1,000 ₹1,180.75 ₹1,000 ₹1,000 ₹1,288.21 ₹1,000 ₹1,000 ₹1,000
    Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV ₹1,000 ₹1,189.47 ₹1,000 ₹1,000 ₹1,306.07 ₹1,000 ₹1,000 ₹1,000

     

    Indiabulls Housing Finance Limited NCD

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