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PNB Housing Finance planning to issue NCDs worth Rs 10,000 crore

PNB Housing Finance is planning to issue secured and unsecured non-convertible debentures (NCDs) aggregating up to Rs 10,000 crore in tranches. The Board meeting of the company is schedule to be held on October 24, 2019, to consider the same.

PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.