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PNB Housing Finance planning to raise $400 million through masala bonds

21 Feb 2018 Evaluate

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.



PNB Housing Finance Share Price

924.40 31.15 (3.49%)
17-Apr-2026 16:59 View Price Chart
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