PNB Housing Finance Limited today, March 30, 2026, approved the allotment of 30,000 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs). The aggregate issue size amounts to ₹300 Crore (Rupees Three Hundred Crore Only). The allotment was executed through a private placement utilizing the Electronic Book Provider (EBP) platform of NSE. These 3-year NCDs carry a floating interest rate linked to the 3 Month TBill plus a spread of 187 bps.
Confirmation of NCD Allotment
PNB Housing Finance Limited (PNBHFL) has announced the successful allotment of Non-Convertible Debentures (NCDs) following the approval granted by its Management Committee. The total issuance size is ₹300 Crore, comprised of 30,000 NCDs, each having a face value of Rs. 1,00,000 (Rupees One Lakh). The allotment date for these securities was March 30, 2026.
Key Instrument Details
The instruments issued are designated as PNB Housing Finance Limited 2029 Series LXXV, which are Listed, Secured, Rated, Taxable, and Redeemable. The tenure of these debentures is 3 Years, with the final maturity date set for March 30, 2029. The securities will be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (“NSE”).
Coupon Rate Structure
The interest offered on the NCDs has a defined structure. The first coupon rate payable is fixed at 7.10%. Subsequent coupon rates will be floating, benchmarked against the 3 Month TBill published by FBIL, plus a fixed spread of 187 bps. Interest payments are scheduled semi-annually, starting from June 30, 2026, with the final principal repayment occurring on March 30, 2029.
Security and Default Provisions
The NCDs are secured by an exclusive charge over the specific book debts of the Company, maintained at a minimum security coverage of 1 time. Should the Company default on interest or principal payments beyond a period of three months, an additional interest rate of 2% p.a. will be levied over the prevailing coupon rate for the entire default period.
Source: BSE
