General Announcement::Issue of foreign currency convertible bonds

Issuer & Securities

Issuer/ Manager
INDIABULLS HOUSING FINANCE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Sep-2021 00:42:59
Status
New
Announcement Sub Title
Issue of foreign currency convertible bonds
Announcement Reference
SG210922OTHR1GKN
Submitted By (Co./ Ind. Name)
Amit Jain
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to our letter dated September 16, 2021 intimating you about the meeting of the Securities Issuance Committee ( Committee ) to be held on September 21, 2021 in respect of the Issue, we wish to inform you that the Committee at its meeting held today i.e. September 21, 2021 has, amongst other things, passed the following resolutions:

a. Approved and adopted the final offering circular dated September 21, 2021.

b. Approved the subscription agreement to be executed between the Company and the joint lead managers and joint bookrunners appointed for the purpose of the Issue.

c. Approved the price of the US $165,000,000, 4.5 per cent. Secured Convertible Bonds due 2026 ( FCCBs ) convertible into equity shares of Rs. 2.00 each ( Equity Shares ) in the share capital of the Company, including the (i) issue price for the FCCBs: 100% of the principle amount of the FCCBs and (ii) initial Conversion price of INR 243.05 per fully paid-up Equity Share of the Company; and

d. Approved and authorised the creation of security, in connection with the Issue.

Attachments

IBH_FCCB_SE_Intimation_OC_Price_21Sep2021.pdf
Total size =56K