PNBHF Green bond

completed

The proposed project involves the subscription of Non-Convertible Debentures (NCDs) issued by PNB Housing Finance Limited (“PNB HFL” or “the Company”), an established housing finance company in India. The proceeds from the NCD issuance will be used to finance construction of "green" residential apartments/buildings. The construction standards would be certified by acceptable green building certification standards including EDGE (certification program developed by IFC). The IFC’s EDGE Building program is focused towards scaling up green buildings and has been launched in 100 developing countries. The program leverages IFC’s green buildings investments to initiate a virtuous circle of supply and demand. IFC has invested nearly US$ 1 billion, either directly or via intermediaries, in green buildings in the last three years.