Indiabulls Launches New Project One Indiabulls Sector 104 Gurgaon-9811022205
Welcome LISTING...Indiabulls Housing Finance Limited Indiabulls Finance Centre Senapati Bapat Marg,...
Transcript of Welcome LISTING...Indiabulls Housing Finance Limited Indiabulls Finance Centre Senapati Bapat Marg,...
BWR/NCD I HO I E,RC I lo..[tvU o z6t / zo r6- 17
August t8, zo16
Mr. Gagan BangaManaging DirectorIndiabulls Housing Finance LimitedIndiabulls Finance CentreSenapati Bapat Marg, Elphinstone RoadMumbai - 4ooo13
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Clili: U67190l{A2C07PTC043591
Dear Sir,
Sub: Review of Ratings of various Debt issues of Indiabulls Housing Finance Limited(IBHFL) rated by Brickwork Ratings.
On a review of Indiabulls Housing Finance Limited's performance based on theinformation and clarifications provided by your company, as well as informationavailable in public sources, we are pleased to inform that Brickwork Ratings has
reaffirmed the ratings as detailed in the Annexure
The Rating is valid up to August 17, 2oL7 ald subject to the terms and conditions thatwere agreed in your mandates, our rating letters and other correspondence, ifan5 andBrickwork Ratings' standard diselaimer appended below.
Brickwork Ratings would conduct surveillance every year till maturity/redemption ofthe instrument. Please note that Brickwork Ratings would need to be kept informed ofany information/development that may affect your Company's finances/performancewithout any delay.
Kindly acknowledge.
Best Regards,
/tr--Sr'"rfManjunatha
Dir'ector-Ratings
Disclaimer: Bridmork Ratings (BWR) has assigned the ptin8 based on the information obtained from the isuer
and other reliable sources, which are deemed to be accurate. Bl{R has taken consiilerable steps to aloid any data
distortion; howerrcr, it does not qamine the precision or completeness of the inforrption obtained. And hence, ttre
information in this report is prcsented "as is' without any *press or implied uanainty of aDy kind. BIA'R do€s not
make any reprcsentation in respect to the trutlr or accuracy of any such information. lte rating asigned by BWR
should be treated as an opinion mther than a recommendation to buy, sell or hold the rated instrument and BWR
sball not be Iiable for any losses iocurred \'uses from any use ofthis report or its onlenLs. Bl{R has the right to
change, suspend or withdpwthe ratingq at any.time for any
Corporate Offlce: 3rd Floor. Raj Alkaa Park. Kalena Agrahara, Eannerghatta Roao, Bengaluru - 56C 076.
phonc: +91 80 4O4O 9940 . Fax: +9180 4ir4o 9941 . 7 A6A-425-2742 . www.BrickworkRa?ings.com . ww.Financial-Literacy.in
Noto: In casc of aII valld ktinE$ resp€ctive Rating Rationale is publilhed on Briclorork Badngtwcb6ite. Interested persons are well advised to Fefer to our wcboite *uv.brlclworhatines,com, if they.re unable to view tte ntionale, they arc r=qucted to infom uf onbrickrsorLhelp@brlclofl orlaatines,com
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Ctti: U671 9OKA2007pTC04 3S91
Indiabulls Housing Finance Limited
Annexure: Details of the Debt Issues
Secured NCD 3,OOO
t6.344.Lo
August 2or3 BWRAAA(Outlook: Stable)
BWRAAA(Outlook: Stable)
Secured NCD 6^5oo September20r3
BWRAAA(Outlook: Stable)
BWRAAA(Outlook: Stable)
Secured NCD 6,5oo JuIy zor5 BWRAAA(Outlook: Stable)
BWRAAA(Outlook: Stsble)
Secured NCD 8,ooo August 2016 BWRAAA(Outlook: Sltable)
BWRAAA(Outlook: Stable)
Subordinated Debt 500
t,Z62.Sg
December20rl
BWRAAA(Outlook: Iftable)
BWRAAA(Outlook: Stable)
Subordinated Debt 6oo March zor3 BWRAAA(Outlook: Stable)
BWRAAA(Outlook: Stable)
Subordinated Debt 65o April zor3 BWRAAA(Outlook: Stable)
BWRAAA(Outlook: Stable)
Subordinated Debt L,25O August 2016 BWRAAA(Outlook: tltable)
BWRAAA(Outlook: Stable)
Perpetual Debt 150 loo.oo June zorz BWRAA+(Outlook: Stable)
BWRAA+(Outlook: Stable)
Total 27;150
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IDBI Trusteestip Seruices LtdCIN : 1J6599 tl.,lH200lGOI13l154
No. 3249flTSUOPff/ CU I 6-1 7/DEE/534S:ptanbcr 02, 2016
Indhbulb Eoruiog Fioroce UmitcdI ?ilr F1oor, lndirbulls Finrnoe Ccttrt,Scn+ati Bapm Mar8, Elphinsto'ne Road,
Mumhai - 400013
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Deu Sir,
Courcol to *cl rr Dcbeotunc Tnrrtrc for Srcur,ed and Nor4oot:rtiblo Dcbrrtcrt (uNClhx) of INB100 C3orrr + Grro+nrhoc opiol rG$O" of INB 50 Cmr:r r33r4rfi4 epto It{R 150 Crorn bmrupto t Ytrn
Thirlr"as rcftrcn4 to our dlsfisslon rcgrrding thc eppoiutnemtof IDBI Tnut*dip Sanrioes LsL (ITSL)rt
Dtbiltu;g Tturtcc for the Cornpaqr'r proposcd irsuc of NCDr of llm. 100 Cru{Ge + Grocnrhoc oplioo
"rGSO" of INR j0 Crcres aggrgating uflo IhlR 150 Crcr65 lcrof uplo 5 Yern. In tbir mumstioo, ttuemfirm ou, spccpnailoc 1al re {$ Dcbrntutc Trustc? for the rrmc, snbjtu ro rhe Comprny sgrccing rhe
mnditlme *tout btlow:
l. Tto Cornpmy rgrEEs and uodcrtrhrs io cncalG lhc scoritics, wbcrr*tr lpptitxlls, ovcr sl|cb of it3inunotabie and
-movrablc propticr and oo sucb ttrrs rnd oonditioor s agrood by thc lltbcdurtlolderr s11d diEclocc in the hfprrnetion Memomnduo a Di*losurc DOcument rmd Cxecut+ ftcDcbentrrc Tnrst Deed aqd stlGr rrcui$iry rrcurity documntr for crdr rcrice of, dsbaturtc es
appnovcd by rhc llabanturr Til-rtce, q,ithin e pcriod er Artd by rc in rha lnformmior Mlnrmendum
orbisctosure Dosrmenrin lnycssG oor exoeeding 3 monlta fosn the dilc ofallotmrat
Z. T1c Comprny qgpcs & undoirker to pty to thc Dehiltrc thstocs so lotq rs they hold thc offioo ofthe Dcbtnturs Trustoc, rcmuncrtlion rs Etdcd eborc fo( their rcruicec rs DsbaltutE Trrrticc lG
ddition to dl lcgrl, rrrvctlng rnd othr trstc, clurgtcr and epcmscr *tricl rhr Dcbctttutu TrufilG ot
tt ri, o,ff,.no, *ritoy*r or fucnu may iocur io rdatim to rmcutioo of thc Thlrt Deed atrd all otlcrDocpmcnts lftcfing the Sccr:riry till the monies in rtspcd of thc Debenttm hrw bccn fully pdd'offand thr rcquiritc forinlitics for Jafisfrctioo of sh^trgc in nll rrrpeci*, have bcco oomplicd with.
J. T1G Coanpeny cgrces &. undcilrkcs to oomply rvith, ttrrc+rr rpplhebh, th* pmrriliora of SEBI
Octrq111gt ftusicqr) Regulrrioru, 1993, SEBI (Isruc ltd LiditlS of Dch S*uritir=) Rrgltationc'
ioor. Snsr Circutar No.EEEUIMIyDOF-Imood/?009/l l/05 tutod t l/Dsf2mg on $irrylificd !t*uUne;nrcnt for Dch Spcuritics resd with thc SEBI Circulr No. SEDI/IMD/DOF-tltsOHIyCin'5/2009ajea*rc Z6thNorcmbcr, 400g, tlp Csppilics Act, 1956 nnd ofhrrryplicrhlc ptovisimr rs suendEd
ftorr timc h timc anO rgrcrs to fumirh to Truslaes sudl hfuflndionln ftars sf lhc smrc on rcgular
brsis,
Wt rru a5o rEce$lc fsr inctusion o,f our samc aB EnstDrE io trc C.onpany's oftr documcnddisclocurc
a*r*U lirtfig rpplic*iodany othcr docsrrcrit to tc filcd wirh thE Stsck E,rchrnp(r) or any orher
urtlrorityu required.
Youls flithfuuy.
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AD,/.Auth\ttctlSlgrtory
Por IIlBIJYurlr*hlp Ssvlcct lJnlt:d
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negd. Offi6: Asian Buildlng, Gtound Floor, 17, F, Kamani Marg, Balhrd Estab, Mumbal - 400 001.
Tel. : 022-4080 7000 r Ex : 022-6631 1776 . Emai! : [email protected] r.l6pons@it bibustee.com
Webffte : www.ltlbltrustee.corn
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