Indiabulls Housing Finance Limited announced that with reference to application filed on December 19, 2018, intimating the Company's proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value INR 1 million each aggregating INR 7,000 million, on a private placement basis, the company announced that in terms of the Board authorization dated October 15, 2018, the company allotted 7,000 Secured, Redeemable, Non-Convertible Debentures of face value INR 1.0 million each aggregating to INR 7,000 million, with coupon rate of 9.10% per annum. Interest payment frequency is annually and at maturity and redemption Date is January 15, 2029.