PNB Housing plans to raise up to $125 mn in Q3: MD & CEO Girish Kousgi

In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down

Mortgage lender PNB Housing Finance is planning to raise up to $125 million through External Commercial Borrowing (ECB) in the third quarter of FY25, Managing Director and Chief Executive Officer (CEO) Girish Kousgi said.

“We have an ECB loan sanction of $125 million, which is partially availed of, and we are planning for one more between $100 million and $125 million,” Kousgi told Business Standard, adding that it should be in the early next quarter.

Of its total borrowing of Rs 55,734 crore, term loans account for 39.4 per cent, followed by deposits (32.5 per cent), non-convertible