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PNB Housing seeking nod to raise over Rs 12,000 crore

23 Oct 2017 Evaluate

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.

PNB Housing Finance Share Price

1033.50 26.05 (2.59%)
24-Apr-2026 16:59 View Price Chart
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