Indiabulls Housing to raise Rs 4,500 crore via bond issues in 2014-15

Indiabulls Housing Finance (IBHFL) is reportedly planning to raise Rs 4,500 crore through bond issues in 2014-15. In 2013-14, it raised Rs 10,525 crore through the bond issuance route, which contributed to 26% of the incremental borrowing done by the company. The company is well capitalised with a capital adequacy ratio of over 19% and will not be having any requirements during the fiscal. Further, the company notched a growth of 24% in the post tax net at Rs 1,568.5 crore for FY14, with the last quarter coming in 23% higher at Rs 451.5 crore. It registered a loan growth of 20% during the fiscal. Indiabulls Finance Company is a Non-Deposit taking NBFC, registered with and regulated by RBI. IBHFL, along with its subsidiary IICL, will continue to focus on asset classes such as mortgages, commercial credit and commercial vehicle loans.