PNB Housing ends loan break with $75m deal

housing 230x150
By Pan Yue
02 Oct 2019

India’s PNB Housing Finance is breaking a five-year absence from the loan market, launching a new $75m deal into syndication.

Sumitomo Mitsui Banking Corp is the sole mandated lead arranger and bookrunner for the three year deal, according to a source close to the situation.

The loan has a bullet repayment structure, and offers a margin of 120bp over Libor. Mandated lead arrangers committing $25m or more receive ...

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