PNB Housing Finance to mop up $1 billion

PNB Housing Finance to mop up $1 billion
04/05/2019 , by , in ALLIED

PNB Housing Finance Thursday said it will raise up to $1 billion (around Rs 6,954 crore) from foreign markets, and additional Rs10,000 crore by issuing bonds.

The board meeting scheduled for May 9 will consider approval of “fund raising by way of external commercial borrowings up to $1 billion in one or more tranches”, PNB Housing Finance said in a regulatory filing.

The board will also consider the issuance of secured and unsecured non-convertible debentures aggregating up to Rs 10,000 crore in tranches, it said.

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