Oct 23 2017 | India Opportunities

PNB Housing Finance to raise Rs 12,000 crore

PNB Housing Finance plans to raise Rs 12,000 crore through issuance of non-convertible debentures and masala bonds. Board approval will be sought soon for the same on October, 25th. PNB plans to raise Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures. The masala bonds up to USD 1,000 million will be issued in one or multiple tranches.