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pnb housing finance

PNB Housing Finance share price: PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

NEW DELHI: is staring at a significant derating after the NBFC board decided not to proceed with the proposed preferential issue of Rs 4,000 crore at Rs 390 per share to the Carlyle group, General Atlantic, SSG Group and other investors. A few brokerages have already cut their ratings to 'sell' and reduced price targets significantly owing to…
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PNB Housing Finance bonds: PNB Housing’s bond investors not worried, yields drop up to 211 bps

PNB Housing bonds carrying a coupon of 8.58 per cent maturing in May, 2023, are still lower by 87 basis points since May 4 this year.SynopsisPNB Housing Finance is rated AA by ICRA, with a negative outlook. To be sure, secondary market trades are not so liquid, with trades ranging from a few lakhs to Rs 270 crore a lot. Yields vary depending on the…
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