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PNB Housing to raise $1 billion via ECB

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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.

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PNB Housing Finance today said it proposes to raise USD 1 billion (about Rs 6,500 crore) through external commercial borrowing window to fund business expansion. 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, PNB Housing Finance said in a regulatory filing to the stock exchanges.

New Delhi, May 3 PNB Housing Finance today said it proposes to raise USD 1 billion (about Rs 6,500 crore) through external commercial borrowing window to fund business expansion.

PNB Housing Finance is planning to raise USD 1 billion via external commercial borrowing (ECB) window, for funding business expansion.. The company basically offers housing and non-housing loans to retail customers. It also offers construction finance loans to real estate developers for residential housing.

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.

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

PNB Housing to raise $1 billion via ECB Data presented in Budget is 100% above board: Finance Minister Essar Steel: Parity with operational creditors a huge disincentive,

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, PNB Housing Finance said in a regulatory filing to the stock exchanges. The fund would be raised in one or more trenches to augment its medium-term.

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 · PNB Housing Finance is planning to raise USD 1 billion via external commercial borrowing (ECB) window, for funding business expansion.. The company basically offers housing and non-housing loans to retail customers. It also offers construction finance loans to real estate developers for residential housing.