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PNB Housing to seek board nod for raising over Rs 12,000 crore

The company plans to raise up to Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures

Press Trust of India  |  New Delhi 

PNB Housing Finance Ltd
PNB Housing Finance Ltd

will seek board approval for raising over Rs 12,000 crore through issuance of and masala bonds, according to a regulatory filing. The company plans to raise up to Rs 6,000 crore by way of issuance of secured and unsecured Besides, it has plans to issue up to $1,000 million in one or multiple tranches, the filing said. Generally, are rupee-denominated bonds issued overseas.
 
Both proposals would be considered by the company’s board of directors during its meeting scheduled to be held on October 25.

First Published: Thu, October 19 2017. 02:32 IST
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