PNB Housing Finance is planning to raise Rs 710 crore by issuing debt securities on private placement basis. The company will issue secured, taxable, rated and listed redeemable non-convertible debentures in a private placement mode on September 26, 2017. The issue will close on the same day.
The bonds with face value of Rs 10 lakh each carry a coupon rate of 7.28 percent per annum and would be up for redemption on September 26, 2019.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and upgradation of houses.
