By Sarah Lizee
Olympia, Wash., Oct. 13 – Reliance Home Finance Ltd. notified the Bombay Stock Exchange that it issued Rs. 10 billion of nonconvertible debentures in two parts.
The 8.88% debentures are due in seven years and the 8.98% debentures are due in 10 years.
The secured debentures were issued in a private placement and are listed on the wholesale debt market segment of BSE Ltd.
Reliance Home Finance is a Mumbai, India-based subsidiary of Reliance Capital Ltd.
| Issuer: | Reliance Home Finance Ltd.
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| Issue: | Secured nonconvertible debentures
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| Amount: | Rs. 10 billion
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| Allotment date: | Oct. 13
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| Seven-year notes
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| Maturity: | Oct. 11, 2024
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| Coupon: | 8.88%
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| 10-year notes
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| Maturity: | Oct. 13, 2027
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| Coupon: | 8.98%
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