Mortgage lender PNB Housing Finance has raised Rs 2,500 crore from state-owned Life Insurance Corporation (LIC) through secured redeemable non-convertible debentures (NCDs), making it the second such issuance of the housing finance company in this fiscal year (FY20). “This issuance is through private placement basis with a door-to-door tenure of 10 years and the proceeds will be utilised by the company for its normal course of business operations,” the housing finance company said.