PNB Housing Finance is planning to raise Rs 1,025 crore on private placement of Secured Redeemable Non-Convertible Bonds (NCD) including green shoe option. The issue will open on January 30, 2017 and close on January 31, 2017.
The company’s NCD Issue is rated as ‘AAA’ by Care and ‘Ind AAA’ by India Ratings and is issued at a semi-annual fixed coupon rate of 7.46% for a tenure of 3 year and 3 months. The funds raised will be used to spread branch network in Tier 2 and Tier 3 cities and grow Loan book while maintaining an adequate capital adequacy ratio.
The company, which recently concluded its IPO with a stellar listing, appointed HDFC Bank as the lead arranger along with Kotak Mahindra Bank, ICICI Bank, Darashaw & Co, Tipsons Consultancy Services and Trust Investment Advisors. The NCD will be listed on the National Stock Exchange.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 536.95 |
| Housing & Urban Dev. | 199.70 |
| Bajaj Housing Financ | 89.58 |
| Piramal Finance | 1639.80 |
| PNB Housing Finance | 905.80 |
| View more.. | |
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