By Tali Rackner
Minneapolis, July 12 – PNB Housing Finance Ltd. plans to issue Rs. 9.5 billion of 7.63% secured redeemable nonconvertible bonds due July 14, 2020, according to a notice.
The series 35 bonds will be issued at par of Rs. 1 million each by way of private placement.
The bonds will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.
PNB is a New Delhi-based housing loan company.
| Issuer: | PNB Housing Finance Ltd.
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| Issue: | Secured redeemable nonconvertible bonds in the form of promissory notes
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| Amount: | Rs. 9.5 billion
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| Coupon: | 7.63%
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| Maturity: | July 14, 2020
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| Settlement date: | July 14
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| Ratings: | CARE: AAA
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| India Ratings: AAA
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