trending Market Intelligence /marketintelligence/en/news-insights/trending/Urp4ueX2R6JnfHxgegLBqA2 content esgSubNav
In This List

PNB Housing Finance to raise 10.25B rupees in bond issue

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


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.