indiabulls housing finance ltdIndiabulls 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.

 Product Note

NCD Issue Indiabulls Housing Finance Ltd – Highlights

IssuerIndiabulls Housing Finance Ltd
Type of InstrumentUnsecure and Secured Redeemable, NCD
Issue Open15 Sep 2016
Issue Close23 Sep 2016 (with option of early closure or extension)
Issue Size3,500 Cr. with an option to retain oversubscription upto Shelf Limit - 7,000 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly , Annually , Cumulative
Mode of AllotmentD'mat as well as Physical Form
RatingICRA & CARE - AA+
ListingBSE / 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 

SeriesIIIIIIIVVVIVII
Tenor3 Year3 Year5 Year5 Year10 Year10 Year10 Year
Base Coupon - Cat I, II8.55%NA8.75%NA8.51%8.85%NA
Base Coupon - Cat III8.65%NA8.90%NA8.65%9.00%NA
Base Coupon - Cat IV8.70%NA8.90%NA8.65%9.00%NA
Yield Cat -I, II8.55%8.55%8.75%8.75%8.85%8.85%8.85%
Yield Cat -III8.65%8.65%8.90%8.90%9.00%9.00%9.00%
Yield Cat -IV8.70%8.70%8.90%8.90%9.00%9.00%9.00%
Face Value1000100010001000100010001000
Interest PaymentCumulativeMonthlyAnnualCumulativeMonthlyAnnualCumulative
SecuritySecuredSecuredSecuredSecuredSecuredSecuredSecured
Maturity1100100010001322100010001611

Unsecured Category Interest Rate

SeriesVIIIXX
Tenor10 Year10 Year10 Year
Base Coupon - Cat I, II8.65%9.00%NA
Base Coupon - Cat III8.79%9.15%NA
Base Coupon - Cat IV8.79%9.15%NA
Yield Cat -I, II9.00%9.00%9.00%
Yield Cat -III9.15%9.15%9.15%
Yield Cat - IV9.15%9.15%9.15%
Face Value100010001000
Interest PaymentMonthlyAnnualCumulative
SecurityUnSecuredUnSecuredUnSecured
Maturity - Cat - IV100010002401.30

 Indiabulls Housing Finance Ltd  NCD Issue Cheque Details :

Cheque / DD should be drawn in favour of  ”     “ by all applicant

About Issue

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.

 

Allotment Listing

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

NCDIndiabulls Housing Finance Ltd
Issue Open15 Sep 2016
Issue Close 16 Sep 2016
Issue RegistrarKarvy Computershare
Listing ExchangeBSE / NSE
Allotment Date26 Sep 2016
Listing Date28 Sep 2016
Interest Payment DateFirst Interest Payment 26 Oct 2016
Face Value1000
Circular Ref. NoBSE- 20160927-24 & NSE 793/2016

Secure Category

SeriesI AI BI CIIIII AIII B
Coupon8.55%8.65%8.70%NA8.75%8.90%
Effective Yield8.55%8.65%8.70%8.70%8.75%8.90%
Period3 Yr3 Yr3 Yr3 Yr5 Yr5 Yr
ISIN NoINE 148I07FY8INE 148I07FZ5INE 148I07GA6INE 148I07GD0INE 148I07GE8INE 148I07GF5
BSE Code935842935844935846935848935850935852
NSE SymbolIBULH8.55IBULH8.65IBULH8.70IBULHIBULH8.75IBULH8.90
Maturity26-09-201926-09-201926-09-201926-09-201926-09-202126-09-2021
Maturity Amt100010001000100010001000
First Int Payment26-09-201726-09-201726-09-2017N.A.26-09-201726-09-2017
Security Desc.SecuredSecuredSecuredSecuredSecuredSecured
SeriesIVVVI AVI BVII
CouponN.A.8.65%8.85%9.00%N.A.
Effective Yield8.90%8.65%8.85%9.00%9.00%
Period5 Yr10 Yr10 Yr10 Yr10 Yr
ISIN NoINE 148I07GH1INE 148I07GJ7INE 148I07GK5INE 148I07GL3INE 148I07GN9
BSE Code935854935856935858935860935862
NSE SymbolBULHIBULH8.65IBULH8.85IBULH9IBULH
Maturity26-09-202126-09-202626-09-202626-09-202626-09-2026
Maturity Amt1531.931000100010002368.48
First Int PaymentN.A.26-10-201626-09-201726-09-2017.N.A.
Security Desc.SecuredSecuredSecuredSecuredSecured

Indiabulls Housing Finance NCD Registrar – Karvy Computershare

ihfl-basis-of-allotment

PUNEINVEST – advisor, broker, distributor agent

https://i0.wp.com/www.puneinvest.com/wp-content/uploads/thumb_indiabulls_ncd.jpg?fit=165%2C167https://i1.wp.com/www.puneinvest.com/wp-content/uploads/thumb_indiabulls_ncd.jpg?resize=150%2C150RajendraNCDIndiabulls 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...Investment you need