PNB Housing Finance is seeking board’s approval to raise over Rs 12,000 crore through issuance of non-convertible debentures and masala bonds. The company is planning to raise up to Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures. Besides, it has plans to issue masala bonds up to $ 1,000 million in one or multiple tranches. Generally, masala bonds are rupee-denominated bonds issued overseas. Both proposals would be considered by the company’s board of directors during its meeting scheduled to be held on October 25.
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.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 539.95 |
| Housing & Urban Dev. | 211.45 |
| Bajaj Housing Financ | 89.37 |
| Piramal Finance | 1863.55 |
| PNB Housing Finance | 1033.50 |
| View more.. | |
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