PNB Housing to raise $1 billion via ECB

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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.

HDFC is planning to raise $500 million via. housing finance company will be raising the funds before March-end 2013. HDFC largely focuses on meeting the housing needs of the middle-income group..

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.

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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India’s PNB Housing Finance Ltd, a unit of Punjab National Bank, plans to raise 4 billion rupees ($73.94 million) via dual tranche bonds, two sources with direct knowledge of the deal said on Friday.

Weekly reserve figures showed that primary credit borrowing via the discount window averaged .2 billion for the week through. to have given the Fed some breathing room. The ECB is still expected.

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 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.