PNB Housing to raise $1 billion via ECB

PNB Housing to raise USD 1 billion via ECB May 03 2018 New Delhi: 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.

Read more about PNB Housing Finance to consider raising up to $1 bn on Business Standard. 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 (NCDs) in its upcoming board meeting on May 9.

PNB Housing Finance to raise Rs 10,000 crore via NCDs. – 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.

Of the total borrowings during the month under review, $1.16 billion was raised through. $546.92 million for refinancing of earlier ECB, and both Rural Electrification Corporation Limited and PNB.

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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 to raise USD 1 billion via ECB – outlookindia.com – New Delhi, May 3 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.

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PNB Housing Finance has received an approval to raise up to $1 billion (about Rs 6,500 crore) through external Commercial Borrowing (ECB) in order to fund business expansion. The board of directors at its meeting held on May 3, 2018 has approved to raise the funds in one or more trenches to augment its medium-term resources subject to all regulatory approvals.

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