By Sarah Lizee
Olympia, Wash., Jan. 30 – PNB Housing Finance Ltd. plans to issue Rs. 6.89 billion of 0% secured redeemable nonconvertible bonds in two parts, according to a Bombay Stock Exchange notice.
The company plans to issue Rs. 5 billion of series XLIII-A bonds due Feb. 28, 2020 and Rs. 1.89 billion of series XLIII-B bonds due April 6, 2021.
The bonds are non-callable and will be issued by private placement, with the issues opening and closing on Wednesday.
The bonds have been rated AAA by CARE and AAA by India Ratings and will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.
IDBI Trusteeship Services. Ltd. is the trustee.
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. 6.89 billion
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Coupon: | 0%
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Allotment date: | Jan. 31
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Ratings: | CARE: AAA
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| India Ratings: AAA
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Series XLIII-A bonds
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Amount: | Rs. 5 billion
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Maturity: | Feb. 28, 2020
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Call: | None
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Series XLIII-B bonds
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Amount: | Rs. 1.89 billion
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Maturity: | April 6, 2021
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Call: | None
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