Dec 7 (Reuters) - India's PNB Housing Finance Ltd, a unit
of Punjab National Bank, plans to raise 4 billion
rupees ($73.94 million) via dual tranche bonds, two sources with
direct knowledge of the deal said on Friday.
The company will raise funds through 10-year bonds at 9
percent semi-annual coupon and 10-year tier 2 bonds at 9.10
percent semi-annual coupon, the sources said.
Axis Bank, A.K. Capital, Trust Capital, Darashaw, ICICI
Bank, ICICI Securities Primary Dealership, Yes Bank, Kotak
Mahindra Bank are the arrangers to the deal, the sources said.
($1 = 54.0950 Indian rupees)
(Reporting by Archana Narayanan; Editing by Anupama Dwivedi)