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NHB revives plan for bond issues, to raise Rs 500 cr

A high demand for refinancing has prompted the National Housing Bank (NHB) to revive its fund raising plan through bond issues. According to R H Verma, Chairman & Managing Director of the apex body of housing finance companies (HFCs), it is planning to raise Rs 500 crore, to support its rising requirement of funds.

March 02, 2012 / 03:54 PM IST

Saikat Das
Moneycontrol.com


A high demand for refinancing has prompted the National Housing Bank (NHB) to revive its fund raising plan through bond issues. According to R V Verma, Chairman & Managing Director of the apex body of housing finance companies (HFCs), it is planning to raise Rs 500 crore through privately placing bonds, to support its rising requirement of funds.

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