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Chennai: Registered office in New Delhi, Indiabulls Housing Finance Limited (“Company” or “Issuer”), a non-deposit taking housing finance company registered withthe National Housing Bank, has announced the public issue of secured, redeemable, non-convertible debentures of the face value of Rs. 1,000 each (“NCDs”). The Tranche III Issue opens on Friday, October 07, 2022 and closes on Friday, October 28, 2022.

The Tranche IIIIssue has a base issue size of Rs. 100crores with an option to retain oversubscription up toRs.700 crores, aggregating up to Rs. 800 crores(“Tranche III Issue”).The Tranche IIIIssue offers various series of NCDs for subscription with coupon rates ranging from 8.33% to 9.55% per annum, applicable as per respective series for selected category of NCD holders. The NCDs are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”) with BSE as the Designated Stock Exchange for the Tranche III Issue. The NCDs have been rated “CRISIL AA/Stable”by CRISIL Ratings Limitedand “[ICRA]AA (Stable)” by ICRA Limited.

The NCDs under the Tranche III Issue have tenures of 24 months (Series I, II, III), 36 months (Series IV, V, VI) and 60 months (Series VII, VIII).Effective yield (per annum) for the NCD holders in Category I (Institutional Investors)&Category II (Non-Institutional Investors) ranges from 8.64% to 9.05% and for Category III (High Net-worth Individual Investors) and Category IV (Retail Individual Investors) holders ranges from 9.04% to 9.54%. Interest payment modesfor the NCDs are Annually, Monthly or Cumulative as per the series selected by the investors. Amount on maturity for the NCD holders in Category I (Institutional Investors) & Category II (Non-Institutional Investors) ranges from Rs. 1,000 to Rs. 1,288.21per NCD and for Category III (High Net-worth Individual Investors) and Category IV (Retail Individual Investors) ranges from Rs. 1,000 to Rs. 1,306.07 per NCD.

The above para details are applicable for selected category of investors for selected series.

The Company is also offering an additional incentive of 0.25% to the Category III and Category IV Investors in the proposed Tranche III Issue who are also holders of NCD(s)/bond(s) previously issued by the Company, and/or its Subsidiaries as the case may be, and/or are equity shareholder(s) of Indiabulls Housing Finance Limited as the case may be (“Primary Holder(s)”) on the Deemed Date of Allotment and applying in Series I, Series III, Series IV, Series VI, Series VII and/or Series VIII, provided the NCDs issued under the proposed Tranche III Issue are held by the investors on the relevant Record Date applicable for payment of respective coupons, in respect of Series I, Series III, Series IV, Series VI, Series VII and Series VIII.

The Lead Managers to theTranche III Issue are Edelweiss Financial Services Limited, A. K. Capital Services Limited, IIFL Securities Limited andTrust Investment Advisors Private Limited.IDBI Trusteeship Services Limited is the Debenture Trustee to the Tranche III Issue and KFin Technologies Limited is the registrar to the Tranche III Issue.

Net proceeds of the Tranche III Issue, after meeting the expenditures of and related to the Tranche III Issue, at least 75% shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company and up to 25% for general corporate purposes

As at June 30, 2022, consolidated cash and cash equivalents of the Company were Rs.4,614.55 crores and Borrowings (other than Debt Securities)of Rs.31,955.59 croreson balance sheet.

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