trending Market Intelligence /marketintelligence/en/news-insights/trending/Urp4ueX2R6JnfHxgegLBqA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

PNB Housing Finance to raise 10.25B rupees in bond issue


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Banking Essentials Newsletter: May Edition, Part-2

PNB Housing Finance to raise 10.25B rupees in bond issue

PNB Housing Finance Ltd. is issuing nonconvertible bonds for a total amount of 10.25 billion Indian rupees including a green shoe option.

The bonds were priced with a semiannual fixed coupon rate of 7.46% for a tenure of three years and three months, according to a Jan. 30 press release.

The issue will open Jan. 30 and close Jan. 31.

The bonds will be listed on the National Stock Exchange.

HDFC Bank is the lead arranger of the issue along with Kotak Mahindra Bank, ICICI Bank, Darashaw & Co. Pvt Ltd., Tipsons Consultancy Services Pvt. Ltd. and Trust Investment Advisors Pvt. Ltd.

As of Jan. 30, US$1 was equivalent to 67.79 Indian rupees.