PNB Housing Finance is planning to raise $400 million through masala bonds in order to fund building of affordable homes. Of the total, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds, while the balance would be raised through other investors. The money will be raised through masala bonds - rupee-denominated bonds issued in overseas capital markets.
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 | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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