PNB Housing to raise $1 billion via ECB

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The housing arm of the state-run Punjab National Bank (PNB) on Thursday said that it will consider raising up to $1 billion through external commercial borrowings (ECB) and issuing non-convertible.

PNB Housing Finance to raise $ 1 billion via ECB 04/05/2018 , by admin , in News/Views PNB Housing Finance on Thursday said it proposes to raise USD 1 billion (about Rs 6,500 crore) through external commercial borrowing window to fund business expansion.

PNB will raise Rs 10,000 crore via NCDs and upto $1 billion by ECB route ; May 02, 2019, Thursday. PNB Housing to raise $1 bn from foreign mkts in one or more tranches. The housing finance arm of the Punjab National Bank will announce the fourth quarter results on May 9

The housing arm of the state-run Punjab National Bank (PNB) on Thursday said that it will consider raising up to $1 billion through external commercial borrowings (ECB) and issuing non-convertible.

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PNB Housing Finance to raise $ 1 billion via ECB The board in its meeting held today has approved to raise the funds by way of external commercial borrowings for not exceeding usd 1 billion pti /

The PNB Housing Finance board will consider fund raising up to $1 billion through debt instruments of external commercial borrowings (ECB) and non-convertible debentures. The company also said it.

This will not be on the agenda at the May 9 meeting where the board will consider raising $1 billion in external commercial borrowing (ECB). PNB Housing may raise up to Rs 2,000 crore fresh equity this fiscal.

PNB Housing Finance is planning to raise up to Rs 10,000 crore through the issuance of secured and unsecured non-convertible debentures (NCDs). The company also planning to raise up to $1 billion by way of external commercial borrowings in one or more tranches. The board of directors at their meeting to be held on May.

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PNB Housing Finance today said it proposes to raise USD 1 billion (about Rs 6,500 crore) through external commercial borrowing window to fund business expansion.

PNB Housing Finance is planning to raise USD 1 billion via external commercial borrowing (ECB) window, for funding business expansion.. The company basically offers housing and non-housing loans to retail customers. It also offers construction finance loans to real estate developers for residential housing.