PNB Housing plans to raise up to $125 mn in Q3
Business Standard|September 09, 2024
Mortgage lender PNB Housing Finance is planning to raise up to $125 million through external commercial borrowing (ECB) in the third quarter of FY25, Managing Director and Chief Executive Officer (CEO) Girish Kousgi said.
AATHIRA VARIER
PNB Housing plans to raise up to $125 mn in Q3

"We have an ECB loan sanction of $125 million, which is partially availed of, and we are planning for one more between $100 million and $125 million," Kousgi told Business Standard, adding that it should be in the early next quarter.

Of its total borrowing of 55,734 crore, term loans account for 39.4 per cent, followed by deposits (32.5 per cent), non-convertible debentures (9.3 per cent), NHB Refinance (9.1 per cent), commercial papers (7.1 per plans to re-enter with a current loan cent), and ECBS (2.6 per cent).

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