India’s PNB Housing to mull nonconvertible debentures, masala bonds

By Sarah Lizee

Olympia, Wash., Oct. 18 – PNB Housing Finance Ltd. notified the Bombay Stock Exchange that it will consider an issuance of up to Rs. 60 billion of secured and unsecured nonconvertible debentures in multiple tranches.

The company will also consider up to $1 billion of masala bonds in one or more tranches.

The company’s board will consider the issuances in a meeting on Oct. 25.

PNB is a New Delhi-based housing loan company.

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