PNB Housing adds QIP to fundraising plan

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By Jonathan Breen
29 Jan 2021

PNB Housing Finance has expanded its funding avenues for a planned deal of up to Rp1.8bn ($246.6m) to include a qualified institutional placement.

The issuer said in August last year that it would use a rights issue, preferential offering or a combination of the two to increase its tier one capital. But the fundraising has been stalled for months because parent Punjab National Bank’s proposed involvement in the deal was yet ...

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