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PNB Housing Finance to raise up to 60B rupees in debentures

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PNB Housing Finance to raise up to 60B rupees in debentures

PNB Housing Finance Ltd. plans to raise up to 60 billion Indian rupees in nonconvertible debentures.

The company said Oct. 17 that it is also considering the issuance of masala bonds of up to US$1 billion in one or multiple tranches.

As of Oct. 18, US$1 was equivalent to 65.07 Indian rupees.