PNB Housing Finance to raise Rs710 crore via bonds

PNB Housing Finance to raise Rs710 crore via bonds
26/09/2017 , by , in ALLIED

PNB Housing Finance is looking at raising Rs710 crore by issuing debt securities on private placement basis on Tuesday.

The subsidiary of the country’s second largest bank state-owned Punjab National Bank (PNB) said it will issue secured, taxable, rated and listed redeemable non-convertible debentures in a private placement mode on Tuesday, September 26.

The issue will close on the same day. The bonds with face value of Rs10 lakh each carry coupon rate of 7.28% per annum and would be up for redemption on 26 September, 2019.

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