PNB Housing to raise $1 billion via ECB

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 debentures worth up to Rs 10,000 crore in its board meeting on May 9.

 · PNB Housing Finance to raise Rs 10,000 crore via NCDs 2nd May 2019, 16:26 PM The company also planning to raise up to $1 billion by way of external commercial borrowings in.

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PNB Housing Finance is a branch Punjab National Bank. The bank has an enormous customer base and provides a widespread line of home loan products for the public, private builders, government employees, etc. PNB Housing Finance home loans can be availed by visiting one of their several branches spread across the nation.

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PNB Housing Finance to raise $ 1 billion via ECB The board in its meeting held today has approved to raise the funds by way of external commercial borrowings for not exceeding USD 1 billion PTI /

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This will not be on the agenda at the May 9 meeting where the board will consider raising $1 billion in external commercial borrowing (ECB). PNB Housing may raise up to Rs 2,000 crore fresh equity this fiscal.

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 · New Delhi: Public sector lender punjab national Bank said Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the Reserve Bank of India (RBI). PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks.

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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.