MUMBAI (Reuters) – Indiabulls Housing Finance plans to raise funds through the sale of dollar-denominated bonds maturing in three years and three months, two merchant bankers said on Tuesday.
The non-banking financial company may look to raise around $300 million to $500 million via this bond issue, the bankers added.
It has appointed Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS as joint bookrunners for the proposed issue.
The proceeds will be used for activities such as onward lending, the bankers said.
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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