PNB Housing Finance has successfully allotted ₹300 Crore through the issuance of Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs). This allotment, approved on September 26, 2025, was conducted via private placement on the EBP Platform of the National Stock Exchange (NSE). The debentures, with a face value of ₹1,00,000 each, aim to bolster the company’s financial resources.
NCD Allotment Details
On September 26, 2025, PNB Housing Finance’s Management Committee, authorized by the Board of Directors, approved the allotment of 30,000 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures. The face value of each debenture is ₹1,00,000, with the total allotment aggregating to ₹300 Crore.
Key Terms of the Debentures
These debentures, identified as 7.43% PNB Housing Finance Limited 2028 Series LXXI, are proposed to be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE). The tenure of the instrument is 3 Years 27 days, maturing on October 23, 2028. The coupon rate offered is 7.43%.
Payment Schedule
Interest payments are scheduled annually on October 23, 2025, October 23, 2026, October 25, 2027, and October 23, 2028. The principal amount will be repaid on the maturity date, October 23, 2028.
Security and Other Provisions
The debentures are secured by an exclusive charge on the specific book debts of the Company, with a minimum security coverage of 1 time. In the event of a delay in payment of interest or principal, an additional interest of 2% p.a. will be payable by the Company for the defaulting period. The redemption amount shall be repaid in full at maturity on October 23, 2028.
Source: BSE
