Indiabulls Housing Finance Limited is coming out with a public issue of Unsecured & Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each for an amount aggregating upto Rs. 7,000 Crores (“Shelf Litmit”). The issue is opens for subscription 15 Sep 2016 and closes on 23 Sep 2016 with an option of early closer or extend (Early Close 16 Sep 2016)
Allotment is on First Come First Serve Basis.
[wptabs style=”wpui-blue” mode=”horizontal”]
[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
NCD Issue Indiabulls Housing Finance Ltd – Highlights
| Issuer | Indiabulls Housing Finance Ltd |
|---|---|
| Type of Instrument | Unsecure and Secured Redeemable, NCD |
| Issue Open | 15 Sep 2016 |
| Issue Close | 23 Sep 2016 (with option of early closure or extension) |
| Issue Size | 3,500 Cr. with an option to retain oversubscription upto Shelf Limit - 7,000 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Monthly , Annually , Cumulative |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | ICRA & CARE - AA+ |
| Listing | BSE / NSE |
| Application Money Interest (refunded) | |
| Allotment Money Interest | |
| Security and Asset Cover- for Option I,II, III, IV, V, VI, VI (Secured Category) | The Secured NCDs proposed to be issued will be secured by a first ranking pari passu charge on present and future receivables of the Issuer for the principal amount and interest thereon. The Secured NCDs will have an asset cover of one time on the principal amount and interest thereon. The Issuer reserves the right to sell or otherwise deal with the receivables, both present and future, including without limitation to create a charge on pari passu basis thereon for its present and future financial requirements, without requiring the consent of, or intimation to, the Secured NCD holders or the Debenture Trustee in this connection, provided that a minimum security cover of one time on the principal amount and interest thereon, is maintained. |
| Security and Asset Cover - for Option VIII , IX , X (Unsecured Category) | No security will be Unsecured NCD in the nature of Subordinated Debt. |
NCD Issue SREI NCD Specific Term of Issue
Secured Category Interest Rate
| Series | I | II | III | IV | V | VI | VII |
|---|---|---|---|---|---|---|---|
| Tenor | 3 Year | 3 Year | 5 Year | 5 Year | 10 Year | 10 Year | 10 Year |
| Base Coupon - Cat I, II | 8.55% | NA | 8.75% | NA | 8.51% | 8.85% | NA |
| Base Coupon - Cat III | 8.65% | NA | 8.90% | NA | 8.65% | 9.00% | NA |
| Base Coupon - Cat IV | 8.70% | NA | 8.90% | NA | 8.65% | 9.00% | NA |
| Yield Cat -I, II | 8.55% | 8.55% | 8.75% | 8.75% | 8.85% | 8.85% | 8.85% |
| Yield Cat -III | 8.65% | 8.65% | 8.90% | 8.90% | 9.00% | 9.00% | 9.00% |
| Yield Cat -IV | 8.70% | 8.70% | 8.90% | 8.90% | 9.00% | 9.00% | 9.00% |
| Face Value | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Interest Payment | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative |
| Security | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Maturity | 1100 | 1000 | 1000 | 1322 | 1000 | 1000 | 1611 |
Unsecured Category Interest Rate
| Series | VII | IX | X |
|---|---|---|---|
| Tenor | 10 Year | 10 Year | 10 Year |
| Base Coupon - Cat I, II | 8.65% | 9.00% | NA |
| Base Coupon - Cat III | 8.79% | 9.15% | NA |
| Base Coupon - Cat IV | 8.79% | 9.15% | NA |
| Yield Cat -I, II | 9.00% | 9.00% | 9.00% |
| Yield Cat -III | 9.15% | 9.15% | 9.15% |
| Yield Cat - IV | 9.15% | 9.15% | 9.15% |
| Face Value | 1000 | 1000 | 1000 |
| Interest Payment | Monthly | Annual | Cumulative |
| Security | UnSecured | UnSecured | UnSecured |
| Maturity - Cat - IV | 1000 | 1000 | 2401.30 |
Indiabulls Housing Finance Ltd NCD Issue Cheque Details :
Cheque / DD should be drawn in favour of ” “ by all applicant
[/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About Company
- Indiabulls Housing Finance Ltd (IBHFL) is one of largest housing finance company in India. Indiabulls Housing Finance Ltd is non deposit taking Housing Finance Company (HFC) register with NHB. It is a notified finacial institution under the SARFAESI Act.
- Indiabulls Housing Finance Ltd focused primarily on long term secured mortgage-backed loans. The Company offer housing loans and loan against property to the target client. The Company also offer mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises.
- As of Mar, 31 2016, Indiabulls Housing Finance Ltd had offices spread across over 110 location in India. Indiabulls Housing Finance Ltd also has two representative offices in Dubai and London to target NRI clients.
[/wptabcontent]
[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]NCD Issue Indiabulls Housing Finance Ltd Allotment Listing Details. ISIN No, Interest Payment Date, Script Code, Maturity Amount, Maturity Date
Listing Date NCD Issue Indiabulls Housing Finance Ltd
| NCD | Indiabulls Housing Finance Ltd |
|---|---|
| Issue Open | 15 Sep 2016 |
| Issue Close | 16 Sep 2016 |
| Issue Registrar | Karvy Computershare |
| Listing Exchange | BSE / NSE |
| Allotment Date | 26 Sep 2016 |
| Listing Date | 28 Sep 2016 |
| Interest Payment Date | First Interest Payment 26 Oct 2016 |
| Face Value | 1000 |
| Circular Ref. No | BSE- 20160927-24 & NSE 793/2016 |
Secure Category
| Series | I A | I B | I C | II | III A | III B |
|---|---|---|---|---|---|---|
| Coupon | 8.55% | 8.65% | 8.70% | NA | 8.75% | 8.90% |
| Effective Yield | 8.55% | 8.65% | 8.70% | 8.70% | 8.75% | 8.90% |
| Period | 3 Yr | 3 Yr | 3 Yr | 3 Yr | 5 Yr | 5 Yr |
| ISIN No | INE 148I07FY8 | INE 148I07FZ5 | INE 148I07GA6 | INE 148I07GD0 | INE 148I07GE8 | INE 148I07GF5 |
| BSE Code | 935842 | 935844 | 935846 | 935848 | 935850 | 935852 |
| NSE Symbol | IBULH8.55 | IBULH8.65 | IBULH8.70 | IBULH | IBULH8.75 | IBULH8.90 |
| Maturity | 26-09-2019 | 26-09-2019 | 26-09-2019 | 26-09-2019 | 26-09-2021 | 26-09-2021 |
| Maturity Amt | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| First Int Payment | 26-09-2017 | 26-09-2017 | 26-09-2017 | N.A. | 26-09-2017 | 26-09-2017 |
| Security Desc. | Secured | Secured | Secured | Secured | Secured | Secured |
| Series | IV | V | VI A | VI B | VII |
|---|---|---|---|---|---|
| Coupon | N.A. | 8.65% | 8.85% | 9.00% | N.A. |
| Effective Yield | 8.90% | 8.65% | 8.85% | 9.00% | 9.00% |
| Period | 5 Yr | 10 Yr | 10 Yr | 10 Yr | 10 Yr |
| ISIN No | INE 148I07GH1 | INE 148I07GJ7 | INE 148I07GK5 | INE 148I07GL3 | INE 148I07GN9 |
| BSE Code | 935854 | 935856 | 935858 | 935860 | 935862 |
| NSE Symbol | BULH | IBULH8.65 | IBULH8.85 | IBULH9 | IBULH |
| Maturity | 26-09-2021 | 26-09-2026 | 26-09-2026 | 26-09-2026 | 26-09-2026 |
| Maturity Amt | 1531.93 | 1000 | 1000 | 1000 | 2368.48 |
| First Int Payment | N.A. | 26-10-2016 | 26-09-2017 | 26-09-2017. | N.A. |
| Security Desc. | Secured | Secured | Secured | Secured | Secured |
Indiabulls Housing Finance NCD Registrar – Karvy Computershare
PUNEINVEST – advisor, broker, distributor agent
[/wptabcontent]
[/wptabs]
(Visited 21 times, 1 visits today)
