PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

Indiabulls Finance raises Rs 315 crore for affordable housing sector

By Accommodation Times Bureau NEW DELHI A home-loan provider firm, Indiabulls Housing Finance Limited (IBHFL) has raised about Rs 315 crore via masala bond, IBHFL said in a statement on Wednesday. The company stated in a statement that, the Indian currency denominated bond proceeds will be used for financing the affordable housing sector. “This