India: PNB Housing Finance raises $100m via ECBs from IFC

Photo: Reuters

PNB Housing Finance Ltd on Monday said it has raised $100 million (around Rs690 crore) from the International Finance Corporation (IFC), a part of the World Bank Group, for on-lending to buyers in affordable housing projects.

“The investment was made under the central bank’s automatic route in the revamped external commercial borrowings (ECB) framework,” PNB Housing said in a BSE filing.

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