The Mumbai-headquartered NBFC, Dewan Housing Finance Ltd proposes to issue secured redeemable non-convertible debentures amounting to Rs. 500 crore plus a greenshoe option of equal amount on private placement basis, according to a filing on the stock exchanges.
The issue, to be listed with the Bombay Stock Exchange, opens as well as closes on 27th August, 2018. The instrument matures in four years and carries a coupon rate of 9.24% per annum. DHFL is rated AAA by rating agency, CARE.
Earlier, DHFL raised a record Rs. 12,000 crore via non-debentures issue in May this year mainly to push growth. The housing finance firm is targeting 30% growth in loan disbursements this financial year. It disbursed Rs 44,800 crore in the last financial year ended March 31.
The issue, to be listed with the Bombay Stock Exchange, opens as well as closes on 27th August, 2018. The instrument matures in four years and carries a coupon rate of 9.24% per annum. DHFL is rated AAA by rating agency, CARE.
Earlier, DHFL raised a record Rs. 12,000 crore via non-debentures issue in May this year mainly to push growth. The housing finance firm is targeting 30% growth in loan disbursements this financial year. It disbursed Rs 44,800 crore in the last financial year ended March 31.